Diesel falls 1.7 cents

January 14, 2013

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Consumers experienced another decrease in prices for diesel this week as prices fell an average of 1.7 cents per gallon across the nation to rest at $3.89.

This is the seventh straight week that the nation has experienced a week-over-week decrease in the price of diesel. It is also the lowest average price for diesel since Aug. 6, 2012.

Prices in the Midwest region saw the largest drop in prices this week, according to the Energy Information Administration's report. Prices for diesel in that part of the country dropped an average of 3.6 cents to $3.83 per gallon.

Diesel still remains above $4 per gallon on the East Coast's New England and Central Atlantic regions, where diesel sits at $4.17 and $4.09 per gallon, respectively.

Gasoline prices continued to rise marginally this week, according to the report. Gasoline prices rose 0.4 cents per gallon to rest at a nationwide average of $3.30. Gasoline prices are actually 8.8 cents per gallon below the cost of where gasoline was a year ago at this time.

In New York, Benchmark West Texas Intermediate crude saw an increase on Monday of 58 cents per barrel to rest at $94.15. According to the Associated Press, the last time Benchmark crude closed above $94 was in September last year.

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