Diesel price levels off, dips in some areas

| Monday, May 08, 2006

The national average price for diesel leveled off for the week ending May 8, according to the U.S. Energy Information Administration.

The average was $2.897, up a fraction of a penny from the previous week. In spite of the small increase, that price is still 67 cents higher than prices for the same week in 2005.

The highest average was found in California, where prices rose 8.1 cents to $3.244 per gallon. The rest of the West Coast also saw a significant increase, jumping 8.2 cents to $3.180 per gallon.

The only other area to post an increase was the Rocky Mountain region, where prices rose 4.2 cents to $3.054 per gallon.

All other regions posted small decreases, with the biggest drop coming in the Gulf Coast. Prices there fell 1.8 cents to $2.814 per gallon. The Midwest also experienced a drop of more than a penny to $2.841 per gallon.

The East Coast region reported a drop of less than a penny to $2.884 per gallon. Within that region, the Central Atlantic area posted the highest prices, falling slightly to $2.983. New England dipped to $2.972 per gallon and the Lower Atlantic fell to $2.834 per gallon.

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