U.S. diesel prices fell for a third straight week, edging down 0.5 percent in the week ending June 10, according to the U.S. Energy Information Administration. Rates dipped in all U.S. regions week-to-week.
The average price is currently at $3.849 per gallon, down 2 cents from the previous week. During the past three weeks, rates have fallen 1.1 percent and 4 cents. This effectively eliminated the 4-cent jump that diesel prices experienced over two weeks in mid-May. Despite the continued drop, the current price is 1.8 percent above the same week in 2012, but remains below where it stood at the beginning of 2013 by 1.8 percent or 7 cents.
Diesel prices in all U.S. regions experienced drops this week. The Rocky Mountain region, which was the only region to see an increase last week, had the lowest drop this week, down 0.1 cents to $3.865. Prices for the West Coast less California region fell the most, down 3 cents to $3.870. California remains the only region above the $4-per-gallon mark, but prices were down 1.7 cents to $4.008 this week. The Midwest region continued to see one of the highest regional declines, down 2.3 cents to $3.877.