Diesel prices fall for the second straight week

Diesel prices headed down for the second straight week, according to data issued by the Department of Energy’s Energy Information Administration (EIA).

The average price per gallon saw a 2.5 cent decline to $2.884 per gallon, following a 0.5 cent decrease last week, which followed six straight weeks of falling prices for a cumulative 16-cent drop.

This week’s price snapped a three-week stretch of average weekly diesel prices topping $2.90 per gallon and marked the first time prices had hot that level since hitting $2.917 per gallon the week of March 16.

Compared to the same week a year ago, the average price per diesel is down $1.008.

The average price of a barrel of oil on the New York Mercantile Exchange was trading at $58.14 at press time.