Diesel Prices Fall, Gasoline fairly level

The prices of diesel and oil moved lower over the past week, while gasoline has barely edged higher.

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New figures released Monday from the U.S. Energy Department show the average cost of diesel has fallen 1.1 cents over the past week to $3.869 per gallon. This is the second consecutive weekly decline. Despite the drop, the price is 2.3 cents per gallon higher than the same time a year ago.

Prices of diesel fell in all regions of the country, except in the Rocky Mountains, where it rose 0.3 cents to an average of $3.866, although it’s down from this time last year. All other regions recorded declines of at least half a penny to almost two cents.

Prices range from $4.072 in California on the high end to 3.770 on the Gulf coast.

In contrast, gasoline prices rose 0.1 cent over the past week for a national average of $3.646 per gallon, which is up 3.3 cents from a year ago. Price increases were reported in the Midwest region, where the price gained 5.9 cents for an average of $3.838. All other areas saw a decline, the biggest drop being he West Coast reporting a drop of 4.4 cents, although their average price of regular gas remains the highest at $3.89.

The price of oil closed at $93.45 per barrel Monday in New York, gaining $1.48 on the day despite a report showing manufacturing in the U.S. was contracting, amid expectations the Federal Reserve will keep moving to stimulate the American economy.

05/27
National Average: 3.880
East Coast: 3.864
Midwest: 3.916
Gulf Coast: 3.775
Rocky Mountain: 3.863
West Coast: 3.986

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