Diesel drops to lowest price since April

| Monday, June 26, 2006

The national average price of diesel fell 4.8 cents for the week ending June 26, according to the Energy Information Administration.

The average fell to $2.867 per gallon, its lowest price since April. In spite of that, it’s still more than 53 cents higher than the average for the same week in 2005.

The Rocky Mountain region had the biggest drop, falling 5.8 cents to $2.960 per gallon. That marks the first time that region has been below the $3 mark since April.

The Lower Atlantic had the lowest average, coming in at $2.816 per gallon, down more than 5 cents from the previous week. The Central Atlantic fell 3.4 cents to $2.956 per gallon, while New England dropped less than a penny to $2.952 per gallon.

The East Coast as a whole posted an average of $2.864 per gallon, down 4.3 cents from the previous week.

California posted the highest average at $3.140 per gallon, though even that was down 4.5 cents from the week before. The rest of the West Coast, meanwhile, fell nearly 5 cents to $3.117 per gallon.

The Midwest also posted a significant drop of 5.4 cents per gallon, coming in at $2.819 per gallon. The Gulf Coast wasn’t far behind at $2.822 per gallon, a decrease of 3.7 cents per gallon from the previous weeks.

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