Diesel drops 1.1 cents, continues slow decline

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The average price for a gallon of on-highway diesel continues its slight decline, dropping 1.1 cents during the week ending June 22, according to the Department of Energy’s weekly report.

The drop marks the fourth consecutive week of a decline in prices. The U.S.’ average price for a gallon of diesel is now $2.859, which is $1.06 lower than the same week last year.

Prices went down in all regions except two: New England and West Coast less California. The most significant decrease came in the Gulf Coast region where prices dropped 2.2 cents, followed by the Central Atlantic region, where prices dropped 1.5 cents. Prices increased by 1.2 cents in New England and six-tenths of a cent in the West Coast less California region.

The nation’s most expensive diesel is in California at $3.17 per gallon, followed by the Central Atlantic region at $3.102 per gallon.

The cheapest diesel in the nation is in the Midwest region at $2.746 per gallon, followed by the Gulf Coast region at $2.755 per gallon.

Average diesel prices in other regions are:

•New England – $3.085

•Lower Atlantic – $2.824

•Rocky Mountain – $2.799

•West Coast less California – $3.007

According to Fuel Surcharge Index, which uses a different formula to find the average price of diesel, the average price is $2.79 nationwide.