The national average price for on-highway diesel dropped for the third straight week according to figures from the U.S. Energy Information Administration.
The new national average is at $3.897 per gallon for the week ending Monday, Oct. 7. The price is the lowest national average since Aug. 12, when the average price was $3.896. Prices are down 19.7 cents compared to the previous year.
Prices fell in all 10 regions, with the Central Atlantic region noting the largest drop for the week at 3 cents, followed by the Gulf Coast region at 2.6 cents.
Following are the average prices by region as reported by the EIA:
- U.S. – $3.897, down 2.2 cents
- East Coast – $3.908, down 2.3 cents
- New England – $4.04, down six-tenths of a cent
- Central Atlantic – $3.967, down 3 cents
- Lower Atlantic – $3.838, down 2.3 cents
- Midwest – $3.876, down 1.8 cents
- Gulf Coast – $3.805, down 2.6 cents
- Rocky Mountain – $3.915, down 1.2 cents
- West Coast – $4.052, down 2.3 cents
- West Coast less California – $3.936, down 2.5 cents
- California – $4.15, down 2.2 cents
ProMiles, which tracks prices daily, showed the national average at $3.895 on Monday. Truckers in Connecticut were paying an average of $4.386 per gallon, the highest in nation, while those fueling up in Missouri paid $3.683 on average.
In separate energy news, light sweet crude, the type of oil most associated with diesel production, was trading at $103.11 on Monday, down 73 cents a barrel as of midday.
In Europe, Brent crude was trading at $109.64 a barrel, up about 18 cents, according to Bloomberg.
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