National average for diesel drops 2.5 cents to $3.964

| 3/31/2008

Truckers have been watching for weeks as the average price for a gallon of diesel fuel inched its way closer to the $4 mark and above in many parts of the country.

However, the U.S. Energy Information Administration is reporting that the national average has dropped 2.5 cents from this past week to $3.964, which may provide a small bit of relief at the pumps for truckers. The average price is still up more than $1.17 from the same time a year ago.

The national average cost for low sulfur diesel dropped 4.7 cents to $3.885 this week, while the price dropped only 2.2 cents to $3.976 for ultra-low sulfur diesel.

Every region is reporting a slight decrease in the cost of diesel fuel, except the Rocky Mountain region, which showed a 1.9-cent one-week increase to $3.975.

The Midwest is showing the largest regional decrease – 3.1 cents – putting the weekly average at $3.944.

The price for a gallon of diesel dropped 2.8 cents to $3.955 in the Lower Atlantic region, while the East Coast region showed a decrease of 2.6 cents to put the price for a gallon of diesel fuel at $4.036.

The Central Atlantic region showed a decrease of 2.5 cents to put the cost of fuel at $4.164, while the price dipped 2.1 cents to $3.909 this week in the Gulf Coast region.

Out west, the California and the West Coast regions are reporting the smallest decreases with both regions still above the $4 mark for diesel. The California region is reporting a seven-tenths of a cent decrease to put the average price at $4.112. The West Coast region is reporting a six-tenths of a cent decrease to put the price of fuel at $4.057.

ProMiles reported on Monday, March 31, that the price of diesel went up a penny to $3.99 a gallon.