The Car and Truck Fleet and Leasing Management Magazine

Slight Drop in Diesel Prices

May 30, 2002

Figures released by the U.S. Department of Energy show the average retail price of a gallon of diesel fuel has dropped by one-tenth of a cent from the week of May 20, to $1.308. Prices have been dropping steadily, but slowly, since reaching their high of $1.323 in early April. Average prices dropped from one-tenth to three-tenths of a cent in every region except the West Coast. There, prices jumped nearly a full cent because of a 2.4-cent increase in the average price in California to $1.423. The highest average price was in the New England region, where diesel was $1.396 per gallon, followed closely by the Central Atlantic region with $1.395. The lowest average prices were recorded in the Lower Atlantic region, at $1.268.
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