National average drops slightly to $3.955 a gallon for diesel

| Tuesday, April 08, 2008

Slight relief at the pumps in recent weeks may not be enough to ease the pain of trucking businesses, but it’s a start. The national average price for a gallon of diesel dropped nine-tenths of a cent in the past week to $3.955 a gallon.

The national average is still up more than $1.115 from the same week in 2007.

The U.S. Energy Information Administration is also reporting decreases in six of its nine regions; however, five regions are still showing fuel prices above the $4 mark.

The Central Atlantic showed the largest decrease of all of the regions – 1.8 cents – to land at $4.146. The average price in the Gulf Coast region dropped 1.3 cents to average $3.896 a gallon. The Midwest region is also reporting a decrease of 1.3 cents to $3.931 a gallon. The average price dropped five-tenths of a cent in the Lower Atlantic region to $3.950 this past week.

The price of diesel fuel is still above $4 in the East Coast and New England regions of the country, but both regions are showing an average decrease of nine-tenths of a cent this past week. The average on the East Coast is at $4.027, while the New England region is at $4.121.

Increases were reported in the three Western regions with California reporting an increase of six-tenths of a cent to $4.118, while the Rocky Mountain region showed four-tenths of a percent increase to $3.979, and the price of fuel went up two-tenths of a cent to $4.059 in the West Coast region.

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