Diesel Price Falls 2.9 Cents

The average price of diesel fuel across the United States fell 2.9 cents per gallon last week to $1.223, according to the U.S. Energy Information Administration.

After 10 weeks of decline, the price has dropped 30.4 cents from the $1.527 average price posted the week after the terrorist attacks. It is now the lowest since Sept. 13, 1999, when the price stood at $1.209.

Meanwhile, the price of gasoline decreased by 4 cents per gallon to $1.127. While the biggest trucks run on diesel fuel, a significant portion of the commercial trucking business is carried out in trucks that use gasoline. Both fuels impact the cost of truck service.

The price of diesel dropped in each of the regions measured by EIA, with the largest decline coming along the West Coast. In the states of Alaska, Hawaii, Oregon, Washington and California, the price of the fuel slipped 3.6 cents – led by a 3.8 cents per gallon drop in the district’s largest state, Californina.

The smallest drop for an entire region was seen on the East Coast, where the price of diesel fell 2.5 cents per gallon to $1.215. The Midwest, Gulf Coast and Rocky Mountain regions saw prices decline by 3 cents, 2.8 cents and 2.7 cents per gallon respectively.

The lowest average price was seen on the Gulf Coast, where the 2.8 cents per gallon price drop pushed the average to $1.164. The highest price was on the West Coast, where the price stands at $1.303 a gallon.

he EIA surveys 350 fueling stations at the start of each week, and usually reports the results on the same day that it polls the stations.

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