U.S. diesel prices slid another 2 cents in the week of July 1, the sixth straight weekly decline, according to the U.S. Energy Information Administration. So far, prices have fallen 2 percent or 7 cents during this time.
The average price is currently at $3.817 per gallon, down 0.5 percent from the previous week. Diesel prices remain at their lowest level since late July 2012. Despite the continued decline, the current price is 4.6 percent above the same week in 2012. However, it is below where it stood at the beginning of 2013 by 2.6 percent or 10 cents.
All U.S. regions saw prices fall this week. The Midwest had the steepest decline, with the average price dropping 3.2 cents to $3.815. The Gulf Coast region saw the smallest drop, with the average price only down 0.6 cents to $3.734. Prices in California fell 2 cents to $4.015; it remains the only region above the $4-per-gallon mark. All other regions saw moderate dips, between 1 and 3 cents.