National average price for diesel drops 1.5 cents to average $4.692

| 6/9/2008

For the second straight week, the U.S. Energy Information Administration is reporting a slight drop in the national average price for diesel. However, truckers are still paying on average more than $1.90 per gallon for diesel than they were a year ago.

As of Monday, June 9, the EIA reports that the national average is $4.692, which is a decrease of 1.5 cents from a week ago and down 3.1 cents from May 26.

Eight of the nine EIA regions are reporting decreases in the average price for diesel. The Rocky Mountain region is the only region reporting an increase this past week – up 2 cents per gallon to put the average at $4.706 a gallon there.

The California region, which posted fuel prices above the $5 mark a week ago, is reporting the most noticeable decrease of 3.5 cents to $4.992 this past week.

The average price for diesel dropped 2.8 cents in the Midwest region to $4.625, while the price dropped 2.7 cents a gallon to $4.884 for fuel in the Central Atlantic region.

The East Coast region is reporting a decrease of 1.4 cents a gallon to put the average at $4.758, while the average has dropped 1.2 cents a gallon to $4.834 for diesel in the New England region.

Fuel prices have dropped an average of seven-tenths of a cent in the Lower Atlantic region to $4.685, while the price has dropped five-tenths of a cent to $4.661 on average in the Gulf Coast region. The West Coast region is reporting a decrease of only four-tenths of a cent to $4.880 a gallon for diesel.

While the EIA weekly reported a decrease in prices, ProMiles, a software development company that tracks average retail fuel prices from more than 7,000 truck stops, reported that diesel prices were up a bit. ProMiles reported that fuel on Monday was up to $4.708 from $4.699. Its prices are based on fuel credit transactions from each truck stop.