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Fuel prices down another 3.2 cents during week, close to six-year low

Diesel prices dropped by an average of 3.2 cents across the nation during the week ending July 20, according to the Department of Energy’s weekly report.

The U.S. average price for a gallon of on-highway diesel is now $2.782 nationwide, which is $1.087 lower than the same week a year ago. The lowest mark of 2015 came during the week ending April 13 at $2.754, which was also the lowest price since Dec. 28, 2009.

Fuel prices dropped in all regions with the most significant decrease coming in the Central Atlantic region, where prices dropped 5.3 cents, followed by the West Coast less California region, where prices dropped 4.6 cents.

The nation’s most expensive diesel is in California at $3.111 per gallon, followed by New England at $2.996 per gallon.

The cheapest diesel can be found in the Gulf Coast region at $2.674 per gallon, followed by the Midwest region at $2.679.

Fuel prices in other regions, according to the Department of Energy, are:

•Central Atlantic – $2.985

•Lower Atlantic – $2.762

•Rocky Mountain – $2.77

•West Coast less California – $2.873

The Fuel Surcharge Index also had diesel prices dropping 3.2 cents during the week, but the national average according to their data is $2.711.

FSI has diesel prices below $3 in every region, with New England being the highest at $2.974 per gallon, and the Midwest region being the lowest at $2.643.

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Matt Cole is an Associate Editor for CCJ and Overdrive. Reach him at mattcole@randallreilly.com.

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