Diesel prices slip after recent increases

After jumping 12.2 cents in three weeks, the national average diese price dipped six-tenths of a cent during the week ended Oct. 25, according to the U.S. Department of Energy’s Energy Information Administration. Nationwide, the average price is now $3.067, which is 26.6 cents higher than in the same week last year.

Prices declined on average in all but two regions — Gulf Coast and Rocky Mountain. The largest drop was 1.5 cents in the Midwest. The Rocky Mountain region experienced the highest increase at 1.6 cents. Prices were highest in the West Coast region (excluding California) at $3.243 and lowest in the Gulf Coast at $2.985. The Gulf Coast is the only region in the nation where the average price of diesel is below $3.

Complete diesel price information for the week ended Oct. 25 is available on the EIA’s website.

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