Diesel drops another nickel, falls below $2.70 to six-year low

Diesel drops another nickel, falls below $2.70 to six-year low

For the 10th week in a row, diesel prices across the U.S have slipped—holding at levels last seen six years ago, according to data tracked by the Energy Information Administration (EIA).

The average U.S. retail pump price for diesel was down 5.5 cents in the Aug. 3 report, to $2.668 per gallon. That’s about $1.19 per gallon cheaper than this time last year, and the lowest price since October 2009.

Diesel prices were down in all regions, dipping 7.5 cents on Gulf Coast in to $2.536, the lowest in the country and just edging out the Midwest region, which saw a 5.8 cent decline to $2.561.

Diesel dropped 5.1 cents on the West Coast to $2.906, though the highest price for diesel in the contiguous 48 states remains in California, where the price for the week was the only region still above $3, at $3.024, down 4.8 cents

The East Coast registered a drop of 4 cents to $2.769, while the price was down 5 cents in the Rocky Mountain region, to $2.685.

TAGS: News Business
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish