Diesel price drops half a cent

| April 03, 2012

After nine straight increases in the national average retail diesel price, the price dipped one-half cent to $4.142 a gallon during the week ended April 2, according to the U.S. Department of Energy’s Energy Information Administration. That’s the same price diesel was during the week ended March 19. Prices are 16.6 cents higher than the same week last year.

Prices fell in all regions but the East Coast, where prices were flat, and the Central Atlantic, where the average price nudged just one-tenth of a cent higher. The largest drop was 2 cents in California, where diesel nevertheless remains the nation’s most expensive at $4.456 a gallon. The smallest declines were just a tenth of a cent in both New England and the Lower Atlantic regions. The nation’s least expensive diesel on average is $4.042 in the Midwest, although the Gulf Coast is close behind at $4.049.

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