Diesel Drops 16.5 Cents in a Week to $6.127 a Gallon, Its Biggest Weekly Drop Since Early October

The national average price of diesel fell 16.5 cents in one week, from $6.292 to $6.127 a gallon, according to the U.S. Energy Information Administration's weekly diesel price data released Nov. 10, as The Trucker reports. It was the biggest one-week drop since early October, EIA's weekly figures show. Diesel fell further in some earlier weeks after the Iran war began, including a 22.7-cent weekly drop in late June.
The drop follows a 6-cent decline the week before, when the average fell to $6.292.
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Where prices fell most
The Rocky Mountain region posted the largest decline, nearly 24 cents, from $6.445 to $6.206 a gallon, The Trucker reports. The Midwest fell just over 20 cents, from $6.402 to $6.201.
Oil is sliding too
The Associated Press reported that oil prices kept falling, with Brent crude, the international benchmark, dropping below $91 a barrel, its lowest level in three months, according to The Trucker. Brent fell 2.2%, or $2.02, to $90.55 a barrel, while U.S. benchmark crude slid 1.8%, or $1.65, to $84.94.
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The declines came after President Donald Trump said the war in Iran "militarily is effectively over," The Trucker reports.
Gasoline under $4
Transport Topics reports that the U.S. average price of regular gasoline slipped below $4 a gallon, to $3.98 on Nov. 9, according to AAA. It was the first time the average had fallen below $4 since mid-July.
Transport Topics also notes that pump prices typically fall more slowly than they rise, and that any renewed conflict could send prices up again. Retail diesel remains above $6 a gallon after crossing that mark for the first time in September.
What it means at the pump
Even after the drop, diesel is still above $6. As a simple illustration, a truck running 2,500 miles a week at about 6 miles per gallon burns roughly 417 gallons. At $6.127 a gallon, that is still more than $2,500 a week in fuel. Actual mileage and prices vary by truck, load and region.
Why it matters to truckers
A 16.5-cent drop saves about $69 on that 417-gallon week. It is real relief, but diesel is still above $6 a gallon, a level it first crossed in September.
Quick facts
- National diesel average: $6.127 a gallon, down 16.5 cents from $6.292.
- Rocky Mountain region: down nearly 24 cents, to $6.206.
- Midwest: down just over 20 cents, to $6.201.
- Brent crude: $90.55 a barrel, lowest in three months.
- Gasoline: $3.98 national average on Nov. 9, per AAA, the first time below $4 since mid-July.
FAQ
Where does the national average come from?
The U.S. Energy Information Administration's weekly diesel price report.
Is diesel back below $6?
No. The national average is $6.127 a gallon.
A question for readers
Truckers, are fuel surcharges coming down as fast as they went up?
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