USDA Grain Transportation Report 1 (9/29): Diesel Price Falls to Lowest Level Since March

According to today's USDA Grain Transportation Report, for the week ending September 26, the U.S. average price of diesel fell 7.5 cents to $4.889 per gallon.

According to the U.S. Energy Information Administration (EIS), this price was $1.483 above the same time last year. This most recent price marks the first time since March that diesel was below $4.90 per gallon (having dipped to $4.849 on March 7).

From August 29 to September 26, the U.S. average diesel price dropped by 22.6 cents a gallon. The price of diesel fell in all 10 regions. In the Midwest, the key grain-producing region, the diesel price showed the largest decrease, falling by 1.14 cents to $4.881 per gallon.

In California, the price of diesel fell 3.9 cents to $6.110, the smallest decrease in any of the regions.

Read the full report here.