Diesel prices drop slightly   

Weekly retail on-highway U.S. diesel prices decreased by 0.9 cents to $3.162 per gallon, and are down 2.2 cents in the last 2 weeks. Prices are still up 23 cents per gallon since early September and are at the highest level since 10/27/08, when prices were rapidly falling. Diesel prices peaked at $4.764 per gallon in July of 2008 and were above $3 per gallon from September 24, 2007 to November 3, 2008. Up until the last few weeks, prices in 2010 had fallen between pricing levels of the prior two years, but now exceed 2008 and 2009 prices for the same week which is better illustrated in our second graph.