Diesel prices average 12 cents cheaper than June 2006

| 6/11/2007

For the week ending June 11, diesel prices were running about 12 cents cheaper than they were a year ago, but gasoline prices are averaging 18 cents higher per gallon than they were in 2006.

On-highway diesel – ultra-low sulfur diesel and remaining supplies of low-sulfur diesel – dropped seven-tenths of a cent to reach an average of $2.792 per gallon, the U.S. Energy Information Administration reported. The average was 12.6 cents lower than this time last year when diesel prices averaged $2.918 per gallon.

The national average for remaining low-sulfur fuel supplies was $2.716 on Monday, June 11, down 1.6 cents from the previous week. ULSD averaged $2.814 per gallon, down five-tenths of a cent.

AAA reported that the national average price for regular gasoline was $3.081 per gallon on Monday, compared to $2.899 a year ago.

By region, ULSD didn’t budge much overall, with the exception of a 2.5-cent increase in California prices from an average of $2.972 to $2.997 per gallon.

ULSD in the Rocky Mountain region decreased 2.1 cents from $2.965 to $2.944, providing the largest average decrease.

In the New England region, the average price of ULSD didn’t budge from $2.880, while the East Coast region saw an average decrease of three-tenths of a cent from $2.815 to $2.812 per gallon.

Average prices for ULSD in the Central Atlantic region increased five-tenths of a cent from $2.867 per gallon to $2.872, while the Lower Atlantic region saw a decrease of nine-tenths of a cent from $2.774 to $2.765.

In the Midwest region, the average price of ULSD fell eight-tenths of a cent from $2.787 to $2.779.

ULSD in the Gulf Coast region averaged $2.752, down a fraction of a cent from $2.757.

The average price for ULSD in the West Coast region was down one-tenth of a cent to $2.949.