Diesel prices dip for the first time in seven weeks, reports EIA

For the first time in seven weeks, the average price per gallon of diesel gasoline dropped, according to data issued by the Department of Energy’s Energy Information Administration (EIA).

At $2.909 per gallon, the average price for this week was down half a cent, following a cumulative 16-cent gain over the previous six weeks. Even with the slight decline, this week marks the third time the average weekly price has topped $2.90 per gallon since hitting $2.917 per gallon the week of March 16.

On an annual basis, the average price per gallon is down $1.01 compared to the same period a year ago.

The average price of a barrel of oil on the New York Mercantile Exchange was trading at $60.20 at press time.