Diesel drops a penny to $2.39 average

Diesel drops a penny to $2.39 average

The national average retail price for diesel dropped this week, according to data tracked by the Energy Information Administration (EIA), while gasoline prices ticked upward both nationally and regionally.

Diesel declined a penny this week to a national retail average of $2.389 per gallon, EIA noted, though that’s 10.4 cents per gallon cheaper when compared to the same week in 2015.

Prices for diesel dropped in all U.S. regions, the agency added, dipping the most on the West Coast – sans California’s prices – by 2.9 cents to $2.524 per gallon. With California’s prices included, diesel only fell 1.4 cents to $2.652 per gallon on the West Coast this week.

At $2.242, the Gulf Coast region continues to have lowest diesel prices in the country.

By contrast, the national average retail price for gasoline jumped 2.3 cents to $2.225 per gallon, largely due to a pipeline break in Alabama. Despite that price spike, though, the national retail average for gasoline is still 10.2 cents cheaper per gallon compared to the same week in 2015, EIA noted.

 

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