The wild oil and diesel market of 2022 continues to deliver comparisons with numbers not seen for a long time.
In the latest weekly average retail diesel price posted Monday by the Department of Energy’s Energy Information Administration, the 16.4-cent decline to $5.268 a gallon marks the biggest one-week drop since the fall of 2008.
It also adds up to a 54.2-cent decline over the past five weeks. In four of those weeks, the decline has been double-digit. The 54.2-cents drop is coming off the all-time high in the price, which checked in at $5.81 a gallon on June 20.
