Tuesday, April 25, 2023

The benchmark average weekly retail diesel price has declined in 21 of the past 26 weeks.

  • The latest price of $4.077 a gallon is nearly 30% lower than last summer’s peak of $5.81.

  • It’s also the lowest since February 2022.

  • Driving the decline is a general slowdown in economic activity and waning ocean freight traffic.

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