Average diesel prices dropped 2.2 cents to $2.726 for the week ending Monday, the seventh straight weekly decline, according to the survey from the U.S. Dept. of Energy. The current price is 36 cents lower than a year ago.
Average prices fell in every region tracked by DOE:
- East Coast: $2.726.
- Midwest: $2.708.
- Gulf Coast: $2.680.
- Rocky Mountain: $2.740
- West Coast: $2.825
This month’s DOE forecast continues to call for higher fuel prices next year. “Rising crude oil prices contribute to an increase in the annual average regular-grade gasoline retail price from $2.35 per gallon in 2009 to $2.83 in 2010, as pump prices approach $3 per gallon during next year’s driving season,” it says. “Projected annual average diesel fuel retail prices are $2.46 and $2.96 per gallon, respectively, in 2009 and 2010.”
For state-by-state diesel prices, updated daily, click here.