U.S. diesel prices slipped for a second straight week, down 0.3 percent, in the week of August 12, according to the U.S. Energy Information Administration. Prices fell in all regions of the United States.
The national average price is currently $3.896 per gallon, slipping 1.3 cents from the previous week. Before last week, diesel prices had experienced four straight weeks of increases, during which prices had risen 3 percent or 10 cents. Prices have fallen roughly 2 cents in the past two weeks. The current price is 0.6 percent or 2 cent below where it stood at the beginning of 2013, and is 1.7 percent above the same week in 2012. This was the first year-over-year drop since May.
Prices fell by less than 2 cents in all regions in the U.S. this week. The Gulf Coast saw the largest decline, 1.7 cents, to $3.824, the lowest regional price in the country. The average price in the Rocky Mountain region remained nearly unchanged, with a 0.1 cent slip to $3.930. The West Coast, California, and New England regions remain the only regions with prices above the $4-per-gallon mark.