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Benchmark DOE diesel price reverses course, heads higher

January 10, 2022


After seven weeks of decreases, the Department of Energy/Energy Information Administration average retail diesel price moved higher this week.

Its price, effective Monday, is $3.657 a gallon, an increase of 4.4 cents from the prior week. The seven-week decline had only taken 12.1 cents off the price, meaning more than one-third of the fall has been clawed back with the latest increase.

The benchmark price declined in only 15 weeks in 2021, and 2022 kicked off with a decrease as well.

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