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.
