National average price for diesel drops 11.5 cents to $4.60

| 7/28/2008

The U.S. Energy Information Administration is reporting a decrease in the average price of diesel this past week of 11.5 cents to put the average at $4.603 on Monday, July 28.

In the past two weeks, the national average price for diesel has dropped more than 16.1 cents. However, it is still $1.71 more per gallon than it was at this time in 2007.

All nine regions of the country are reporting price decreases at the pump for the second straight week, with the Midwest region reporting the most significant drop – 13.4 cents per gallon – for an average $4.527. The Gulf Coast is reporting a drop of 13.2 cents per gallon to average $4.575 per gallon for on-road diesel.

The Lower Atlantic is reporting a dip of 11.5 cents to average $4.619, while the average price for diesel dropped $10.5 cents per gallon to average $4.682 on the East Coast.

The on-average price has dropped 9.6 cents per gallon to $4.776 in the Central Atlantic region. Fuel has gone down 9.5 cents per gallon to average $4.869 in the California region, which is still the highest average price of all the regions for diesel.

The West Coast region is also reporting a drop of 8 cents per gallon to average $4.775, while the average price has dropped 6.3 cents to average $4.806 in the New England region.

For the second week in a row, the Rocky Mountain region is reporting the smallest price decrease – 5.9 cents – of all the regional averages to average $4.660.