Tag Archives: Diesel Prices

Diesel price falls again, hits lowest point since January

The national average price for a gallon of on-highway diesel dropped again in the week ended June 2, though only slightly, falling seven-tenths of a cent to $3.918, according to the Department of Energy’s Energy Information Administration.0813gasprices

That’s the lowest average price since the week ended Jan. 27 and the fifth straight week the price has dropped.

The DOE predicted in April that the national average price would be $3.87 this summer, so the drops could be part of that decline.

Year over year, however, the price of diesel is up 4.9 cents from the same week a year ago.

Prices fall week to week in all regions nationally, except the Gulf Coast, which was unchanged.

The Central Atlantic region led all price drops with a 1.1-cent decline, followed by the Midwest’s 1-cent drop and the East Coast’s nine-tenths of a cent drop.

The New England region still has the nation’s most expensive diesel $4.124, followed by the Central Atlantic’s $4.116 and California’s $4.103.

The Gulf Coast region still has the country’s cheapest diesel, $3.783, followed by the Midwest’s $3.874 and the Lower Atlantic’s $3.910.

Story from overdriveonline.com

Diesel Prices Fall, Gasoline fairly level

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
Midwest: 3.916
Gulf Coast: 3.775
Rocky Mountain: 3.863
West Coast: 3.986