USDA Grain Transportation Report (3/09): Diesel Price Continues to Decline

According to today's USDA Grain Transportation Report, for the week ending March 6, the U.S. average diesel fuel price decreased 1.2 cents from the previous week to $4.282 per gallon, 56.7 cents below the same week last year.

The diesel price has fallen a total of 34 cents since the week ending January 30.

From the week ending February 27 to the week ending March 6, diesel prices fell in all regions except the Midwest, where it rose 1.1 cents.

According to the Energy Information Administration’s (EIA) March Short-Term Energy Outlook, the diesel price is projected to average $4.17 per gallon in 2023, down 6 cents from the February Outlook.

In 2024, the price is projected to average $3.73 per gallon, up 3 cents from EIA’s February Outlook.