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Diesel Moves Lower for 10th Straight Week, Oil & Gasoline Push Higher

The average U.S. cost of diesel has dropped for the 10th week in a row, down 0.6 cents from last week, coming in at $3.845 per gallon, according to new figures form the U.S. Energy Department.

by Staff
May 6, 2013
Diesel Moves Lower for 10th Straight Week, Oil & Gasoline Push Higher

 

2 min to read


The average U.S. cost of diesel has dropped for the 10th week in a row, down 0.6 cents from last week, coming in at $3.845 per gallon, according to new figures form the U.S. Energy Department.

Compared to the same time a year ago, diesel is 21.2 cents per gallon cheaper. Over the past 10 weeks the price is down nearly 31.5 cents.

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Prices fell in most regions of the country, except in the Midwest, where prices increased 2.9 cents over the past week for an average of $3.868 per gallon. Prices range from a high of $3.986 per gallon in New England, down 0.7 cents from last week, to a low of $3.735 in the Gulf Coast Region, 2.2 cents lower than last week.

Other regional/sub-regional prices and changes:

  • East Coast, made up of the New England, Central Atlantic and Lower Atlantic sub-regions, $3.863, down 2.3 cents.

  • Central Atlantic, $3.911, down 2.3 cents.

  • Lower Atlantic, $3.804, down 2.7 cents.

  • Rocky Mountain, $3.804, down 0.6 cents.

  • West Coast, $3.923, down 2.6 cents.

  • West Coast, minus California, $3.83, down 0.3 cents.

  • California, $4.001, down 4.6 cents.

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In contrast, the average U.S. cost for gasoline increased for the first time in more than two months this week, adding 1.8 cents for $3.538 per gallon.

Compared to the same time a year ago, gasoline is 25.2 cents less on average. Prices increased in all regions except for the East Coast region, along with the Central Atlantic and Lower Atlantic sub-regions. They range between an average of $3.811 in the West Coast region and $3.299 in the Gulf Coast region.

Meantime, the price of oil is moving higher after flirting with the $90 per barrel level last week. Monday, it stood at $96.16 at the close of trading in New York, marking the third straight day of higher prices and its first settlement price above $96 in more than a month, on news of increased tensions between Israel and Syria.

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