Diesel hits lowest point since January, falls sixth week in a row

| June 10, 2014

The national average price for a gallon of on-highway diesel dropped again in the week ended June 9, falling 2.6 cents to $3.892, according to the Department of Energy’s Energy Information Administration.

That’s the lowest average price since the week ended Jan. 27 and the sixth straight week the price has dropped.

The DOE predicted in April that the national average price would be $3.87 this summer, so the drops could be part of that decline.

Year over year, however, the price of diesel is up 4.3 cents from the same week a year ago.

ProMiles’ Fuel Surcharge Index reported this week a 2.5 cent drop, bringing its reported national average to $3.831 a gallon, up 2.9 cents from the same week last year.

Prices fell week to week in all regions nationally.

The Central Atlantic region led all price drops with a 3.7cent decline, followed by New England’s 3.2-cent drop.

The New England region still has the nation’s most expensive diesel $4.092, followed by the Central Atlantic’s $4.079 and California’s $4.073.

The Gulf Coast region still has the country’s cheapest diesel, $3.769, followed by the Midwest’s $3.845 and the Lower Atlantic’s $3.886.

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