Diesel prices continue downward trickle

| 1/29/2007

The national average price for diesel decreased for the seventh week in a row, according to the Energy Information Administration.

The national average for on-highway diesel for the week ending Monday, Jan. 29, was $2.413, down 1.7 cents per gallon from the previous week. The current national average is 7.6 cents per gallon cheaper than the same week in 2006.

The on-highway diesel national average has decreased 19.3 cents per gallon since Dec. 18, 2006, when the EIA reported it at $2.606.

In the Jan. 29 report, two EIA regions tied for having the lowest average price for the second week in a row – the Lower Atlantic region and the Gulf Coast region – at $2.347 per gallon. Diesel decreased 1.4 cents in both regions from the previous price of $2.361.

Diesel in California increased nearly 2 cents from $2.742 to $2.761, but the average price was lower last week in all other regions, according to the Energy Information Administration.

The biggest decrease in price for the week happened in the Rocky Mountain region, which reported a 3-cent decrease from $2.586 to $2.556.

The Midwest region reported a decrease of 2.2 cents from $2.371 to $2.349.

New England diesel decreased an average of 1.2 cents from $2.582 to $2.570.

Diesel in the East Coast region dropped 1.5 cents from $2.421 to $2.406, while diesel in the Central Atlantic region dropped 1.7 cents from $2.525 to $2.508.

West Coast diesel – minus California – dropped less than a cent from $2.695 to $2.687..