Diesel Prices Drop Again
For the fourth straight week diesel prices have fallen. The EIA reported in its analysis released March 27th that the national average diesel fuel price dropped four cents to $4.01 per gallon, 14 cents lower than last year at this time. Over the last four weeks the U.S. average price fell a total of 15 cents.
All regions of the nation had a decrease in diesel fuel prices. The West Coast had the largest decrease where the average price fell six cents to $4.10 per gallon. The Gulf Coast price dropped five cents to $3.94 per gallon. Both the Midwest and Rocky Mountain prices decreased by four cents from last week to $3.98 per gallon in the Midwest and $3.94 in the Rocky Mountain region. The East Coast price went down by three cents to $4.05 per gallon.
In an updated short-term energy outlook the EIA is calling for diesel prices to average $3.90 per gallon in 2013 and $3.90 in 2014. Prior to the update, the EIA was calling for the prices to average $3.90 per gallon in 2013 and $3.82 per gallon in 2014.