The weekly roundup from the U.S. Energy Department shows the price of diesel dropped 1.3 cents over the past week to $3.993 per gallon.
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The weekly roundup from the U.S. Energy Department shows the price of diesel dropped 1.3 cents over the past week to $3.993 per gallon.
The average U.S. cost of diesel fell below the $4 a gallon mark for the first time since January.
The weekly roundup from the U.S. Energy Department shows a decline of 1.3 cents over the past week to $3.993 per gallon. This is the fifth straight weekly falloff. Compared to the same week a year ago it’s 14.9 cents per gallon lower.
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Regional prices declined in all parts of the country except the West Coast, where it gained 1.5 cents over the past week for an average of $4.116 per gallon, the second highest regional average. New England has the highest regional price at $4.14.8 per gallon, down 2.3 cents from a week ago while the Gulf Coast Region has the least expensive price, $3.915, down 2 cents from a week earlier.
Other regional prices and weekly changes:
East Coast, made up of the New England, Central Atlantic and Lower Atlantic sub-regions, $4.025, down 2.5 cents.
Central Atlantic, $4.083, down 2.6 cents.
Lower Atlantic, $3.958, down 2.5 cents.
Midwest, $3.97, down 0.9 cents.
Rocky Mountain, $3.922, down 1.3 cents.
California, $4.20, up 5.3 cents.
Gasoline also continued its decline in tandem with diesel, falling for the fifth consecutive week, shedding 3.5 cents over the past week for a nationwide average of $3.645 per gallon. Prices range from a high of $3.945 in the West Coast region to a low of $3.48 in the Gulf Coast region. The current overall price is the lowest since around mid-February.
Meantime, oil paused from its run-up over the past week, falling 16 cents by the close of trading Monday in New York, settling at $97.07 per barrel. The decline from its highest price in six weeks came following Exxon closing its Pegasus pipeline from Illinois to the Gulf Coast on March 29 due to a crude leak in Arkansas.
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Analysts say a report from the Institute for Supple Management showing U.S. manufacturing in March expanded at a slower rate than the month before led to Monday’s drop.
Compared to a week ago the price of oil is up about a dollar and a half.
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