USDA Grain Transportation Report (12/15): Diesel Price Drops 21.3 Cents—Largest Decline Since 2008

According to today's USDA Grain Transportation Report, for a 6th week in a row, diesel prices continued to decline.

For the week ending December 12, the U.S. average diesel fuel price fell 21.3 cents from the previous week to $4.754 per gallon—110.5 cents above the same week last year.

This week’s decline marks the largest since October 13, 2008, when the diesel price dropped 21.6 cents near the start of the global financial crisis.

Also, this week, the diesel price was the lowest since October 3, when it was $4.836 per gallon. In the grain-producing Midwest, the diesel price dropped 25.6 cents to $4.651 per gallon, the lowest price this year since March 7.

Read the full report here.