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Diesel dips, but less than a penny

Diesel dips, but less than a penny

For the third consecutive week, diesel prices didn’t do much.

The average U.S. retail pump price for diesel fell less than a penny (0.9 cents, to be precise) in the Nov. 7 report by the Energy Information Administration (EIA), to $2.47 per gallon. The price has held within a penny of that since mid-October, and that’s also about three cents cheaper than this time last year.

No region saw a change of even two cents, with the West Coast, less California, posting a 1.8-cent gain to $2.673, and the Central Atlantic ticking upward 0.01 cents to $2.584. New England broke even at $2.502.

Prices were down, though not by much, in the rest of the Lower 48:

  • -0.04 cents in the Lower Atlantic ($2.341 per gallon)
  • -1.8 cents in the Midwest ($2.425)
  • -0.09 cents in the Rocky Mountain ($2.532)
  • -1.3 cents on the Gulf Coast ($2.34, still the lowest price for a gallon of diesel in the country); and
  • -1.5 cents in California ($2.84, the highest price in the country).

The national average price for gasoline rose 0.3 cents for the week to $2.233.

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