The Car and Truck Fleet and Leasing Management Magazine

Dec. 3 Report: Diesel Average at $2.61/Gallon

December 08, 2008

WASHINGTON, D.C. --- The U.S. average diesel price slipped 4.9 cents last week to $2.615 per gallon, 80.1 cents below the price a year ago and the lowest since Feb. 26, 2007, according to a Dec. 3 report from the Energy Information Administration (EIA).

Once again, diesel prices fell throughout the country. On the East Coast, the average price dipped 5.3 cents to $2.735 per gallon, 70.9 cents lower than the price a year ago. The price in the Midwest dropped 4.6 cents to reach $2.578 per gallon. The average price in the Gulf Coast slipped 4.2 cents to $2.556 per gallon. For the second week in a row, diesel prices in the Rocky Mountains fell the most of any region, dropping 6.7 cents to hit $2.577 per gallon.

On the West Coast, the average diesel price fell 5.5 cents to $2.553 per gallon, the lowest of any region, and the lowest for the West Coast since Jan. 2, 2006. In California, the average price shrank 6.7 cents to $2.538 per gallon. 

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