Diesel fuel prices across the U.S. fell by an average of nearly 8 cents per gallon during the most recent week ending Oct. 21, according to the Energy Information Administration’s weekly update.
With the 7.8-cent decline, the U.S. national average for diesel is now $3.55 per gallon. The week’s drop in fuel prices followed four weeks of increasing prices that saw diesel jump 10.7 cents between the weeks ending Sept. 23 and Oct. 14.
During the same week, spot market rates and load postings were on the rise, according to data from FTR and Truckstop. Overall, the total broker-posted rate increased 2.7 cents during the week ending Oct. 18, while posted loads increased 6.8%.
