Diesel prices drop by a penny, gasoline prices on the rise

| Monday, March 13, 2006

The national average price for diesel dipped less than a penny for the week ending March 13, according to the Energy Information Agency.

The average price for diesel dropped to $2.543 per gallon for the week, after posting a 7-cent jump the previous week. That’s nearly 35 cents higher than prices for the same week in 2005.

Four regions posted increases for the week, with the biggest coming in New England, where prices jumped 3.1 cents to $2.687 per gallon. By contrast, the Central and Lower Atlantic regions both saw slight decreases, to $2.681 and $2.507 per gallon, respectively.

The East Coast as a whole fell less than a penny to $2.567 per gallon.

California posted the highest diesel prices, rising less than a penny to $2.747 per gallon. The rest of the West Coast wasn’t far behind up more than a penny to $2.725 per gallon.

The lowest prices were found in the Midwest, where the average fell slightly to $2.491 per gallon. The Gulf Coast was a close runner-up at $2.497 per gallon.

The Rocky Mountain region, meanwhile, saw a 2.1-cent increase, jumping up to $2.566 per gallon.

According to the Lundberg Survey, retail gasoline prices across the country have risen by 11 cents during the past two weeks.

The national average price of gasoline had reached $2.38 per gallon by Friday, March 10, according to the survey. That price is 38 cents higher than prices for the same date in 2005.

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