Diesel drops another nickel Thinkstock

Diesel drops another nickel

Diesel prices continue to fall to end the year, posting a sixth consecutive weekly decline and slipping to the lowest levels since May 2009.

The average U.S. retail pump price for diesel was down 5.4 cents in the Dec. 21 report by the Energy Information Administration (EIA), to $2.284 per gallon. The price is the lowest this year and about $1.00 per gallon cheaper than this time last year.

Prices were down in every region of the country, paced by the Rocky Mountain region which saw a 7.1 cent decline$2.304, and by the Midwest, down 6.7 cents to $2.227.

The Central Atlantic reported a 6.3 cent decline to $2.438, while the Lower Atlantic region saw the price fall 4.8 cents to $2.21. New England reported a 5.6 cent drop to $2.397.

California registered 3.9 cent decline to $2.611, still the highest price in the contiguous 48 states. On the rest of the West Coast, a gallon of diesel dropped 5.8 cents to $2.373.

The Gulf Coast reported a 3.1 cent drop to $2.181, the lowest price for a gallon of diesel in the nation. 

Nationwide, gasoline was down 1.1 cents to $2.026.


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