Diesel prices drop for fifth straight week

| Monday, November 28, 2005

The national average price for diesel fell again for the week ending Nov. 28, marking the fifth week in a row of declines following record highs in October.

According to the Energy Information Administration, the national average fell 3.4 cents for the week to $2.479 per gallon. Despite that drop, the price is still more than 36 cents higher than it was during the same week in 2004.

The highest prices were found in the New England region, which topped out at an average of $2.619 per gallon, down 3.3 cents from the week before. The Central Atlantic wasn’t far behind at $2.604 per gallon, while the Lower Atlantic region came in at $2.394 per gallon – the lowest in the U.S. The East Coast region as a whole posted an average of $2.491 per gallon.

The biggest drop happened in the Rocky Mountain region, where prices fell 6.3 cents to $2.617 per gallon.

California saw an average of $2.559 per gallon, while the rest of the West Coast came in at $2.617 per gallon.

The Midwest had an average of $2.442 per gallon, and the Gulf Coast posted an average of $2.456 per gallon.

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