USDA Grain Transportation Report (2/23): Diesel Price Drops For Fourth Week in Row

According to today's USDA Grain Transportation Report, for the week ending February 20, the U.S. average diesel fuel price decreased 6.8 cents from the previous week to $4.376 per gallon— 32.1 cents above the same week last year.

This latest drop marks the 4th consecutive week of decline.

The diesel price dropped by 16.3 cents a gallon in the past 2 weeks and 24.6 cents since January 30.

According to the Energy Information Administration’s February Short- Term Energy Outlook, the diesel price is projected to average $4.23 per gallon in 2023 and $3.70 per gallon in 2024.