U.S. diesel prices fell for a fourth straight week in the week ending June 17, pushing prices to their lowest level since July 30 of last year, according to the U.S. Energy Information Administration. Despite the overall decline, some regions saw prices rise.
The average price is currently at $3.841 per gallon, down 0.2 percent or 1 cent from the previous week. During the past four weeks, prices have fallen 1.3 percent or 5 cents. Despite the continued decline, the current price is 3 percent above the same week in 2012, although it remains below where it stood at the beginning of 2013 by 2 percent or 8 cents.
The Midwest region, which has been experiencing relatively large price drops in the past few weeks, had the steepest decline this week, with the average price down 1.8 cents to $3.859. Prices in California rose the most, with the average up 1.4 cents to $4.022. It remains the only region above the $4-per-gallon mark. Prices also went up in the other West Coast regions as well New England and the Central Atlantic; all other regions saw prices fall.