Average diesel price down slightly to $3.81

| Tuesday, August 23, 2011

The national average price of on-highway diesel continued a four-week drop in price to $3.810 per gallon for the week ending Monday, Aug. 22. The U.S. Energy Information Administration reported a drop of 2.5 cents for the week, but the diesel average is still 85 cents above where it was a year ago.

For the first time since February, all nine of the districts reporting to the EIA were below a $4 average, including New England and California.

By region, New England holds the highest average at $3.994 per gallon, while the Gulf Coast had the lowest average at $3.772.

Just four individual states are holding on above the $4 mark for an average according to daily tracking site ProMiles – Connecticut at $4.139, New York at $4.138, Washington at $4.128, and Rhode Island at $4.109, including taxes.

The cheapest pump price for the week belonged to Arizona at $3.605 per gallon according to ProMiles on Tuesday.

Here are the regional averages as reported by the EIA:

U.S. – $ 3.810, down 2.5 cents
East Coast – $3.844, down 2.7 cents
New England – $3.994, down seven-tenths of a cent
Central Atlantic – $3.944, down 3.9 cents
Lower Atlantic – $3.788, down 2.3 cents
Midwest – $3.789, down 2.6 cents
Gulf Coast – $3.772, down 3.4 cents
Rocky Mountain – $3.815, down 1.1 cents
West Coast – $3.855, down eight-tenths of a cent
California – $3.928, down 2.9 cents

In oil news, according to the New York Mercantile Exchange, prices were making gains on Tuesday after falling below $85 per barrel in recent days. Futures for light sweet crude were trading at $85.90 during midday trading on Tuesday, up about $1.50 from the opening bell.

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