In the week ending March 4, U.S. diesel prices dropped for the first time in six weeks, according to the U.S. Energy Information Administration.
The average price, $4.130 per gallon, is down 0.7 percent or 3 cents from the previous week. This is 0.9 percent higher than the price of $4.094 in the same week a year ago. The price of diesel remains above $4 per gallon in all regions of the country.
This is the first drop in prices after a five-week jump ended last week when the average rate remained flat. During the five-week surge, prices rose 6.75 percent or 26 cents per gallon. Despite this week’s price decline, the per-gallon average is still up 5.41 percent or 21 cents since the beginning of 2013.
Diesel prices in all regions dropped this week. The biggest decrease was in New England, which saw a 46 cent change from last week. Other regions experienced smaller declines.