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The international market has a message for American refiners: Stay calm and keep turning crude into diesel.

Oil fell to the lowest in more than a month as the U.S. crude glut is seen moving to brimming fuel tanks. 

The U.S. average retail price of diesel dropped 1.2 cents to $2.583 a gallon as oil prices remained below $50 a barrel and U.S. rig counts pushed higher. 

INDIANAPOLIS — Diesel fuel dominates the commercial truck world today and will continue to do so in the near future, but greenhouse gas regulations will force the industry to use it more efficiently and eventually could push fleets toward other, cleaner fuels, industry executives said here at the Green Truck Summit.

The U.S. average retail price of diesel slipped 0.2 cent to $2.595 a gallon as oil prices dropped below $50 a gallon and U.S. rig counts continued to rise.

The newest heavy-duty truck set to operate at the Port of Los Angeles emits an unusual byproduct that California could certainly use more of: water.

Oil slipped after an industry report was said to show a smaller-than-anticipated U.S. crude inventory decline.

Oil traded at its lowest in more than a week in New York on signs U.S. production is continuing to recover, undermining OPEC’s efforts to clear a global glut.

The U.S. average retail price of diesel rose 1.5 cents to $2.597 a gallon, putting it in a tie for the highest price this year, also reached Jan. 9.