January 9, 2007 10:30 AM, EST

Diesel Average Price Drops 4.3 Cents to $2.537 a Gallon

Gasoline Dips 2.8 Cents to $2.306
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The average retail price of diesel fuel dropped 4.3 cents to $2.537 a gallon, the Department of Energy reported Monday.The fourth straight decline followed downturns last week of 1.6 cents, a penny two weeks ago and 1.5 cents three weeks ago. The price is 5.2 cents higher than the same week last year, DOE figures showed.Gasoline, meanwhile, fell 2.8 cents to $2.306 a gallon, DOE said, for a second straight decline. The price dipped 0.7 cent last week.The Midwest saw the biggest dip, falling 5.1 cents to $2.483, while the West Coast remained the highest regional price, at $2.824, falling 2.9 cents.Crude oil prices fell nearly $5 a barrel last week, closing the trading week at $56.35 a barrel. (Click here for previous coverage.)Each week, DOE surveys 350 diesel filling stations to compile a national snapshot average price.