A decline of 3.3 cents in the average retail price of diesel over a five-week period sputtered a little lower in the week ending Dec. 7.
Crude oil prices hit a peak for the year in late October but since then have remained under $80 per barrel. Full inventories seem to be keeping the oil market stable as the world waits for a major resurgence in fuel use with a return to full scale industrial production.
Diesel prices inched down just three-tenths of a cent to a national average of $2.772 per gallon last week, according to the U.S. Energy Information Administration.
Around the country, prices fell less than a penny in two regions, were flat in one and increased slightly in another. Only in the Rocky Mountain region did the price change by more than a penny; diesel fell there 1.1 cents to $2.806 per gallon.
Prices fell four-tenths of a cent in the West Coast and six-tenths of a cent in the Midwest. There was no change in the East Coast. Prices rose two-tenths of a cent in the Gulf Coast.
Drivers paid most in the West Coast, where diesel sold for an average of $2.884 per gallon, up 46.3 cents from last year at this time. In California, the price was as high as $2.942 per gallon last week, 54 cents higher than last year.
The lowest prices were in the Gulf Coast region, where drivers paid an average of $2.726 per gallon, up 26.1 cents from a year ago.
Contact Thomas L. Gallagher at email@example.com.