U.S. diesel prices fell for the ninth consecutive week in the week ending April 29, down to an average price of $3.851 per gallon, according to the U.S. Energy Information Administration.
The last decline in prices that continued for nine or more weeks began in April 2012 and lasted twelve weeks. During that decline, diesel prices dropped 12 percent or 50 cents. In the current stretch, prices have already fallen 7.4 percent or 31 cents.
The current price is down 0.9 percent or 4 cents from the previous week and is 5.5 percent below the same time last year, when the price stood at $4.073. This week showed the first deceleration in price declines after three weeks of acceleration. The price is below where it stood at the beginning of 2013 by 1.7 percent or 7 cents.
All U.S. regions continued to see declines in diesel prices for a third straight week. The highest week-to-week drop was in the West Coast less California region again this week, but it fell just 5.2 cents following a drop of 8.5 cents last week. New England fell below the $4-per-gallon level this week, leaving California as the only region still above the mark. All other regions sit below $4, with the lowest price in the Gulf Coast region at $3.757, the only region currently below $3.80.