The prices of diesel and oil moved lower over the past week, while gasoline has barely edged higher.
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.
National Average: 3.880
East Coast: 3.864
Gulf Coast: 3.775
Rocky Mountain: 3.863
West Coast: 3.986