Diesel fuel prices down for fourth week in a row
Truckers continue to find relief at the pump as diesel prices keep going down. Even though the decline was relatively slight, the February 6th report from the Energy Information Administration (EIA), marks the fourth week in a row that diesel fuel prices declined.
The national average of on-highway diesel fuel prices fell to $2.558, down four-tenths of a cent from last week.
Fuel prices remain higher than the same time last year, up fifty-five cents from when diesel was only $2.008 a gallon.
The West Coast continues to lead the nation in most expensive diesel fuel prices, where cost per gallon averages at $2.856. With prices up just more than a cent, the region, along with California and West Coast less California were the only areas in the country that diesel fuel was up this week.
The Central Atlantic remains the second most expensive area to buy fuel in the nation, even though prices dropped seven-tenths of a cent to $2.763 per gallon.
West Coast less California was up .004 cents, with diesel charges coming in at $2.748 per gallon. Although the region is the third most expensive place to buy diesel in the country, it continues to have the most inflated prices from this time last year. Diesel is up 67.5 cents from $2.073, as reported on February 8th, 2016.
The Midwest saw the most dramatic drop, though it was only eight-tenths of a cent. Costs averaged $2.492 per gallon, marking the first time diesel fuel prices dropped below $2.50 since the end of last year.
The cheapest diesel can be found in Gulf Coast region, falling half a cent to $2.403 per gallon.
The EIA lists prices in the other regions of the nation as follows:
- California – $2.944, up .017 cents
- New England – $2.661, down .001 cents
- East Coast – $2.618, down .004 cents
- Rocky Mountain – $2.515, down .001 cents