Diesel dips, barely, down less than a penny

Diesel dips, barely, down less than a penny

For the 12th week in a row, diesel prices across the U.S have slipped, although barely in the latest report by the Energy Information Administration (EIA). Still, fuel prices are holding at levels last seen six years ago.

The average U.S. retail pump price for diesel was down two-tenths of a penny in the Aug. 10 report, to $2.615 per gallon. That’s $1.22 per gallon cheaper than this time last year, and the lowest price since October 2009.

Diesel prices were down in all regions except the Midwest, where it gained 2.4 cents to $2.539. In New England, however, the price fell another 4.4 cents to $2.803.

Diesel’s still below $3 in California to, although $2.945 (down 1.5 cents) is still the highest price in the contiguous 48 states. The West Coast, less California, saw a decline 1.6 cents to $2.690.

Diesel dipped 0.9 cents on Gulf Coast in to $2.478, the lowest in the country, while the price was down 1.3 cents in the Rocky Mountain region, to $2.627.

TAGS: News Business
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