Following six consecutive weeks of increases, the average price of diesel has fallen over the past week, but is still not far from a more than four-year high.

The U.S. Energy Department reported Monday a decline of 2.9 cents for an average of $4.13 per gallon. Compared to the same time a year ago the price is up less than 4 cents.

Prices declined in all regions of the country, with the biggest in New England, to 4.6 cents to $4.298 per gallon. However, it still had the highest average price of any region. The Rocky Mountain states had the lowest average cost of the different regions at $4.047, down 1 cent from last week.

Other regional prices and changes over the past week are:

  • East Coast, $4.167, down 3.4 cents
  • Central Atlantic, $4.235, down 2.7 cents
  • Lower Atlantic, $4.092, down 3.7 cents
  • Midwest, $4.085, down 3.6 cents
  • Gulf Coast, $4.065, down 2.4 cents
  • West Coast, $4.28, down 1.9 cents
  • California, $4.341, down 2.4 cents

Like diesel prices, the cost of gasoline followed the same path, with the average U.S. cost declining 2.5 cents over the past week, coming in at $3.759 per gallon. Prices in all regions fell, except in the Rocky Mountain states, which has the least expensive price at $3.476. The West Coast has the highest gasoline average at $4.069

Crude oil futures fell Monday to the lowest level of the year in New York, closing at $90.12 per barrel. A month ago it was close to hitting $100 per barrel. Analysts say traders believe the $85 billion of cuts in the federal sequestration will drive down demand for the black gold.

About the author
Evan Lockridge

Evan Lockridge

Former Business Contributing Editor

Trucking journalist since 1990, in the news business since early ‘80s.

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