Fuel average down slightly to $3.94

| Wednesday, June 08, 2011

The national average price for on-highway diesel continued its downward trend, although it didn’t drop by much for the week ending Monday, June 6.

The U.S. Energy Information Administration reported the weekly average at $3.94 per gallon, down eight-tenths of a cent from the previous week. That’s down quite a bit from a $4.12 average in early May.

For the week, prices held fairly steady, dropping between four-tenths of a cent in California to 1.6 cents in New England.

Following are the EIA’s averages for the week:

U.S. – $3.940, down eight-tenths of a cent
East Coast – $3.955, down seven-tenths of a cent
New England – $4.105, down 1.6 cents
Central Atlantic – $4.074, down eight-tenths of a cent
Lower Atlantic – $3.891, down six-tenths of a cent
Midwest – $3.889, down seven-tenths of a cent
Gulf Coast – $3.877, down seven-tenths of a cent
Rocky Mountain – $4.015, down a half-cent
West Coast – $4.146, down 1.5 cents
California – $4.223, down four-tenths of a cent

ProMiles showed an average price of $3.963 per gallon for diesel on Wednesday, June 8, after an overnight decrease of three-tenths of a cent.

Connecticut had the highest tax-included price for diesel in the nation Wednesday, with $4.323 per gallon. The cheapest average was in Oklahoma at $3.767, followed closely by South Carolina at $3.768.

Oil prices were back on the rise Wednesday on news that OPEC is not going to increase production. A barrel of light sweet crude was trading at $101.58 on the New York Mercantile Exchange on Wednesday after prices had dipped below $100 earlier in the week.

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