USDA Grain Transportation Report (1/05): Diesel Price Rises 4.6 Cents—Ending 7-Week Decline

According to today's USDA Grain Transportation Report, for the week ending January 2, the U.S. average diesel fuel price increased 4.6 cents from the previous week to $4.583 per gallon—97.0 cents above the same week last year.

This drop comes after 7 consecutive weeks of falling prices, including double-digit drops for 3 of those weeks. Diesel prices increased in every region except the Rocky Mountain region, which saw a decline of 1.5 cents.

In the Midwest, diesel prices were up 2.1 cents from last week—94.6 cents higher than the same time last year.