Average diesel price drops 4.2 cents

Updated May 4, 2012

The national average retail price of on-highway diesel was lower during the week ended April 23 than it was during the same week the year before — the first time that’s happened since November 2009, according to data from the U.S. Department of Energy’s Energy Information Administration. The average diesel price dropped 4.2 cents to $4.085 a gallon. That’s 1.3 cents below the same week in 2011. Diesel prices have now declined for two straight weeks for the first time since Jan. 2.

Average prices fell in all regions except in New England, where prices were flat on average. The largest decrease was 5.7 cents a gallon on the West Coast (excluding California). The smallest decrease was 3.4 cents in California, where diesel remain, on average, the nation’s most expensive at $4.384. The nation’s cheapest diesel is in the Midwest, where the average price is $3.974, followed by the Gulf Coast at $3.993.

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

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