Happy New Year: Diesel down again Thinkstock

Happy New Year: Diesel down again

Diesel prices rang in the New Year by continuing a 2015 trend: an eighth consecutive weekly decline.

The average U.S. retail pump price for diesel was down 2.4 cents in the Jan 4 report by the Energy Information Administration (EIA), to $2.211 per gallon. The price is about $0.93 per gallon cheaper than this time last year.

Prices were down in every region of the country except for the West Coast less California, where a gallon of diesel was up 1.1 cents to $2.303 (but that follows an 8.1 decline the week before). Otherwise, California registered 1.4 cent decline to $2.595, still the highest price in the contiguous 48 states.

The Rocky Mountain region saw a 3.6 cent decline to $2.2191, while the Midwest price was down 3.3 cents to $2.13.

New England reported a 2.1 cent drop to $2.344, while the price also fell 2.1 cents in the Central Atlantic to $2.391, and diesel fell 1.8 cents in Lower Atlantic region to $2.143.

The Gulf Coast reported a 2.6 cent drop to $2.114, the lowest price for a gallon of diesel in the nation. 

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