National diesel prices drop 1.6 cents

| Tuesday, January 02, 2007

The week between Christmas and New Year's saw the national average price for diesel drop by 1.6 cents.

The national price per gallon on New Year's Day was $2.580, down from $2.596 on Christmas Day, according to the Energy Information Administration.

All nine EIA regions from coast to coast reported decreases.

The biggest decrease was 2.9 cents per gallon in the Central Atlantic region, where diesel prices dropped from $2.710 to $2.681.

Next was New England, where prices fell from $2.737 to $2.710 - a 2.7-cent decrease.

The East Coast region reported a 2.2-cent decrease from $2.587 to $2.565, while the Lower Atlantic region reported a 1.7-cent decrease from $2.520 to $2.503.

The Gulf Coast region reported the cheapest diesel in the nation, with an average price last week of $2.50, down 1.4 cents from the previous week.

Midwest diesel priced at $2.534 this week, down 1.6 cents, was the second cheapest.

The Rocky Mountain region reported a 1.6-cent decrease in diesel prices from $2.713 to $2.697.

Decreases in price weren't much in California or the West Coast region.

Diesel in California dropped two-tenths of a cent to $2.883, while West Coast diesel dropped three-tenths of a cent to $2.853.

The national average last week was 13.8 cents per gallon higher than the national average at the end of 2005.

 

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