U.S. diesel prices remained mostly unchanged in the week of June 24, following a four-week decline that saw a total drop of 1.3 percent or 5 cents, according to the U.S. Energy Information Administration. Diesel prices are currently at their lowest since late July 2012.
The average price is currently at $3.838 per gallon, down 0.1 percent or 0.3 cent from the previous week. Despite the continued decline, the current price is 4.4 percent above the same week in 2012, the largest year-over-year increase in 18 weeks, However, it remains below where it stood at the beginning of 2013 by 2 percent or 8 cents.
The Midwest and the Rocky Mountain regions saw the steepest declines this week, with the average price in both regions dropping 1.2 cents to $3.847 and $3.836 per gallon respectively. Prices in California rose the most for a second week, with the average up 1.3 cents to $4.035. It remains the only region above the $4-per-gallon mark. Prices also went up in the other West Coast regions as well the Lower Atlantic, New England, and the overall East Coast average; all other regions saw prices fall.