Average diesel price drops 3.3 cents

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Updated Dec 8, 2011

The U.S. average diesel price declined for the second consecutive week after surpassing $4 a gallon, the first time it had hit that mark since mid-May, declining 3.3 cents to $3.931 for the week ending Monday, Dec. 5, according to the latest figures from the U.S. Department of Energy’s Energy Information Administration. The latest price is 73.4 cents higher than the same week last year.

All regions tracked by DOE saw falling prices, led by a 5.9-cent decline in the Rocky Mountains, where prices fell to $4.035. The smallest decrease was 0.9 cent in New England, where the average price is $4.036.

The nation’s most expensive diesel was in California, where the average price was down 5.2 cents to $4.172. The nation’s least expensive diesel was in the Gulf Coast region, where the average price was down 3.1 cents to $3.828.

Complete diesel price information is available on EIA’s Website.

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