Diesel price drops 6.5 cents
June 11, 2012
The national average retail diesel price fell 6.5 cents to $3.781 a gallon during the week ended June 11, according to the U.S. Department of Energy’s Energy Information Administration. It was the ninth straight decline, matching the duration of the year’s longest streak of price increases. Over the past nine weeks, the price of diesel has dropped 36.6 cents a gallon, surpassing the 29.9-cent run-up from the end of January through late March. The average price is 17.3 cents below the same week last year.
Average retail prices fell in all regions, led by a 12-cent decrease in the West Coast, excluding California. The smallest decrease was 4.6 cents in the Rocky Mountain region. The nation’s most expensive diesel on average is $4.066 a gallon in California — the only area of the country where diesel on average still costs more than $4. The least expensive diesel on average was $3.696 a gallon in the Midwest, which is just two-tenths of a cent cheaper than the average in the Gulf Coast region.
Complete diesel price information is available on EIA’s Website.
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