Harry
05-19-2010, 01:15 PM
For the first time in many weeks, the U.S. Energy Information Administration is reporting that diesel fuel prices have dropped 3.3 cents to average $3.094 per gallon on Monday, May 17.
This is the first significant drop in 16 weeks, according to the EIA. A week ago, the national average price for diesel had spiked to its highest level in more than 18 months at $3.127 per gallon.
A year ago this same week, diesel was selling for around 86.3 cents less per gallon at $2.231.
This week all nine regions of the country are reporting decreases at the pump. The California region is again reporting the highest prices for diesel at $3.238, despite a 3.1-cent price drop from a week ago. The Gulf Coast region, which is posting a 4.4-cent drop from the previous week, is again reporting the lowest fuel prices of all the regional averages at $3.043 per gallon,
Weekly fuel price averages by region, as reported by the EIA:
East Coast – $3.114
New England – $3.142
Central Atlantic – $3.232
Lower Atlantic – $3.059
Midwest – $3.070
Gulf Coast – $3.043
Rocky Mountain – $3.156
West Coast – $3.204
California – $3.238
Courtesy of LandLine Magazine
This is the first significant drop in 16 weeks, according to the EIA. A week ago, the national average price for diesel had spiked to its highest level in more than 18 months at $3.127 per gallon.
A year ago this same week, diesel was selling for around 86.3 cents less per gallon at $2.231.
This week all nine regions of the country are reporting decreases at the pump. The California region is again reporting the highest prices for diesel at $3.238, despite a 3.1-cent price drop from a week ago. The Gulf Coast region, which is posting a 4.4-cent drop from the previous week, is again reporting the lowest fuel prices of all the regional averages at $3.043 per gallon,
Weekly fuel price averages by region, as reported by the EIA:
East Coast – $3.114
New England – $3.142
Central Atlantic – $3.232
Lower Atlantic – $3.059
Midwest – $3.070
Gulf Coast – $3.043
Rocky Mountain – $3.156
West Coast – $3.204
California – $3.238
Courtesy of LandLine Magazine