Fuel average drops nearly 4 cents to $3.749

| Monday, October 03, 2011

The national average price for on-highway diesel decreased 3.7 cents to $3.749 for the week ending Monday, Oct. 3, 2011, according to the U.S. Energy Information Administration.

Most regions are below a $4 average with the exception of California at $4.007 per gallon. The cheapest fuel by region was the Gulf Coast with an average of $3.693.

The largest drop for the week by region was 4.1 cents in the Central Atlantic where prices averaged $3.881 per gallon.

Following are the averages and changes by region as reported by the EIA:

U.S. – $3.749, down 3.7 cents
East Coast – $3.765, down 3.9 cents
New England – $3.941, down 2.2 cents
Central Atlantic – $3.881, down 4.1 cents
Lower Atlantic – $3.699, down 4 cents
Midwest – $3.699, down 3.9 cents
Gulf Coast – $3.693, down 3.7 cents
Rocky Mountain – $3.846, down 2.1 cents
West Coast – $3.927, down 3 cents
California – $4.007, down 3.2 cents

Despite the decreases in the past five weeks, fuel remains 75 cents a gallon more than it was a year ago for the same week.

Daily tracking site ProMiles recorded Monday’s national average at $3.789 a gallon, down a fraction of a penny overnight.

By state, averages ranged from $3.567 per gallon in Virginia to $4.14 in Washington state.

In other energy news, oil prices are also on the decline. Light sweet crude was trading at $77.14 during midday trading Monday in New York, down $2.06 a barrel from the opening bell.

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