National diesel average drops for sixth consecutive week

| 8/25/2008

For the sixth straight week, the U.S. Energy Information Administration is reporting a decrease in the national average price for diesel, with it dropping another 6.2 cents to average $4.125 per gallon.

The national average price has dipped more than 61 cents per gallon during the past six weeks, although the price is still more than $1.28 higher than it was this same week of August in 2007.

According to the EIA’s weekly report released Monday, Aug. 25, all nine regions are also reporting decreases in their average pump prices, with the Rocky Mountain region reporting the most significant drop in fuel prices– down 9 cents – to average $4.23 per gallon.

The West Coast and the Lower Atlantic regions are both reporting drops of 7.5 cents per gallon to average $4.289 in the West Coast region and $4.127 for diesel in the Lower Atlantic region.

Fuel prices have dropped at least 6.6 cents per gallon on the East Coast to average $4.220 per gallon, while the price has decreased 6.3 cents in California to average $4.359 per gallon for diesel.

A decrease of 5.4 cents per gallon for fuel has been reported in both the Gulf Coast and the Midwest regions, with fuel dropping to $4.101 in the Gulf Coast and to $4.088 in the Midwest, which is reporting the lowest average price per gallon for diesel of all the regions.

In the Central Atlantic region, the average price for diesel has dropped 5.3 cents per gallon to average $4.370, while the New England region is reporting the slightest decrease of all the regions – down 4 cents – to average $4.382 per gallon.