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Another benchmark diesel price drop, but decline may be sputtering

March 6, 2023

Diesel prices in the wholesale and futures markets have trended higher over the past several trading days, but retail prices are still stuck in the past. And that’s to be expected.

For the fifth consecutive week, the benchmark Department of Energy/Energy Information Administration average national retail price declined, this time by 1.2 cents per gallon to $4.282. It’s also the 14th drop in the last 17 weeks, a decline that has taken the data point used for most fuel surcharges down $1.053 a gallon from the $5.333 recorded Nov. 7, the last time the DOE/EIA price rose.

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