National diesel average drops below $3 mark

| Tuesday, September 05, 2006

The national average price for a gallon of diesel finally fell below the $3 mark for the week ending Monday, Sept. 4.

According to the U.S. Energy Information Agency, the national average price fell 6 cents to $2.967 per gallon, down from $3.027 from the week before. The price drop marked the third consecutive week of falling diesel prices.

Every region of the country reported price decreases. The biggest drop was in the Midwest region, where average prices dipped 8.9 cents per gallon to $2.937. Following closely behind was the Gulf Coast region, which fell by about 5 cents to $2.872.

The East Coast showed several pennies’ reduction, dropping 4.4 cents to $2.911. New England fell to $3.009, the Central Atlantic to $3.032, and the Lower Atlantic to $2.850 – the lowest price of any region.

California showed the smallest price decrease, dropping 2.5 cents to $3.175. The West Coast region as a whole also showed smaller decreases, dropping 3 cents to $3.199. In the Rocky Mountain region, prices fell a mere 2.8 cents to $3.318.