The average price for on-highway diesel fuel dropped nearly 5 cents per gallon to just under $2.50 for the week ending Monday, July 20, 2009.
U.S. Energy Information Administration reported the national average as $2.496, which was 4.6 cents below the previous week’s average of $2.542 per gallon.
The Energy Information Administration reported the lowest average as $2.443 in the Gulf Coast region, following a 5-cent drop. The highest average by region was California with $2.703 per gallon after a 2.4-cent increase.
The East Coast region – which includes New England, the Central Atlantic and Lower Atlantic regions – averaged $2.514, down 4.5 cents from the previous week.
The Midwest region averaged $2.470 with a 4.2-cent decrease.
Rocky Mountain states averaged $2.559 per gallon, down 6 cents, while the West Coast region averaged $2.595, down 4.6 cents.
The national average of $2.496 was $2.222 lower than one year ago according to the EIA.
Oil prices in early Monday trading rallied to just above $64 per barrel on the New York Mercantile Exchange. The uptick followed news by the U.S. Chamber of Commerce that housing starts had increased 3.6 percent in June.
– By David Tanner, staff writer
– Land Line Now Senior Correspondent Terry Scruton contributed to this report