Diesel Price Retreats to $2.951 per Gallon

Diesel Price Retreats to $2.951 per Gallon

After two weeks of rising prices, diesel last week fell nine-tenths of a cent to an average retail price of $2.951, according to the U.S. Energy Information Administration.

The mild retreat is consistent with an up and down trend for crude oil futures over the past month and an even longer period of stability from May 4 to Aug. 2, when oil futures have traded between $70 and $80 per barrel.

By The Numbers: U.S. Diesel Prices.

Only on the West Coast and in New England did prices increase last week.

In New England, a rise of seven-tenths of a cent to $3.004 per gallon ran counter to the East Coast regional average, which fell three-tenths of a cent to $2.946 per gallon, including small declines in the Lower and Central Atlantic sub-regions.

The average price on the West Coast inched up just one-tenth of a cent to $3.121 per gallon, held down by a 1.1 cent drop in California to $3.139 per gallon. Prices on the West Coast as a whole and in California were the highest in the nation.

The deepest decline was a slip of 1.6 cents in the Midwest to $2.928 per gallon.

The lowest average price was in the Gulf Coast, where drivers paid $2.883 per gallon, down seven-tenths of a cent from the previous week.