All news

U.S. diesel price down for third time in four weeks, $4.648

06/24/2008

After seeing small declines for two consecutive weeks following by a week of no change, the national average retail price of a gallon of diesel fell 4.4 cents for the week ending Monday, June 23. Still, the $4.648 price is $1.813 higher than the same week last year, according to the U.S. Department of Energy.

The average U.S. price now has been above $4 for 11 weeks, setting an all-time high of $4.723 on May 26.

All regions tracked by DOE saw price declines. The largest decrease, 5.4 cents, was found on the Gulf Coast, where week-over-week prices fell to $4.602. The smallest decrease, 2.0 cents, was found in New England, where week-over-week prices declined to $4.833, the nation's most expensive diesel by region.

The nation's least expensive diesel by region, $4.574, was found in the Midwest, where prices declined 4.4 cents from last week. California, which DOE tracks separately, recorded the nation's highest diesel price, $4.922; prices in that state fell 4.7 cents after passing the $5 mark four weeks ago.

CCJ Staff

CCJ, by CCJ Staff, http://www.etrucker.com/apps/news/article.asp?id=70187