Diesel down another 4 cents

Diesel down another 4 cents

Diesel prices continue to fall to end the year, posting a fifth consecutive weekly decline to reach the lowest levels since June 2009.

The average U.S. retail pump price for diesel was down 4.1 cents in the Dec. 14 report by the Energy Information Administration (EIA), to $2.338 per gallon. The price is about $1.08 per gallon cheaper than this time last year.

Prices were down in every region of the country, paced by New England which reported a 6.2 cent drop to $2.453. The Midwest ($2.294) and California ($2.65) both registered 5.4 cent declines, but California, still the highest price in the contiguous 48 states.

 On the rest of the West Coast, a gallon of diesel dropped 4.6 cents to $2.431. The Rocky Mountain region saw a 3.5 cent decline$2.375.

The Central Atlantic reported a 4.1 cent decline to $2.2.501, while the Lower Atlantic region saw the price fall 3.7 cents to $2.258.

The Gulf Coast reported a 2 cent drop to $2.212, the lowest price for a gallon of diesel in the nation. 

TAGS: News Business
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