Diesel average continues to fall

| Monday, September 18, 2006

The national average price for diesel dropped a whopping 14 cents per gallon for the week ending Monday, Sept. 18. It is the biggest one-week drop since November 2005.

According to the U.S. Energy Information Agency, the national average price is $2.713 – down from $2.857 a week ago. The week’s price, which is 25 cents cheaper than two weeks ago, is the lowest diesel has been since early April.

The biggest drop was found in the Rocky Mountain region, where average prices fell 18 cents per gallon to $3.052. Despite the big dip in price, the region continues to claim the most expensive diesel nationally.

Two other areas continue to charge consumers an average of more than $3 per gallon for diesel despite a 12-cent reduction in cost from a week ago. In California, the cost is $3.002. The rest of the West Coast is paying $3.014.

The cheapest average diesel can be found in the Midwest region. The per-gallon cost is $2.624 – 16 cents cheaper than a week ago.

The Gulf Coast and Lower Atlantic regions each witnessed price reductions of more than 13 cents. The prices there are $2.636 and $2.625, respectively.

The remaining areas that experienced drops in prices are on the East Coast where the price per gallon fell to $2.699; New England, at $2.832; and Central Atlantic, at $2.844.

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