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Diesel falls for 5th week in a row, averages $3.79

The Midwest saw the biggest regional decline, down 5.9 cents while the price fell 5.2 cents in the Rocky Mountains.

The Trucker Staff

12/27/2011

WASHINGTON — The average price for a gallon of diesel has dropped almost 4 cents, logging the fifth consecutive weekly decline. After falling 22 cents in the past month, fuel is cheaper than it’s been since mid-October.

Officially, the nationwide retail on-highway price for a gallon of diesel was $3.791, down 3.7 cents, according to the Dec. 27 report by the Energy Information Administration of the Department of Energy.

The Midwest saw the biggest regional decline, down 5.9 cents while the price fell 5.2 cents in the Rocky Mountains.

New England, which saw diesel fall only 2.2 cents for the week, had the highest regional price at $ 3.973, though the state premium in California brought the cost of a gallon of diesel there to $4.039, down less than a penny for the week.

The Midwest had the lowest average price, $3.706, just edging the Gulf Coast region at $3.708, down 1.9 cents.

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Diesel prices nationally still are up 49.7 cents a gallon from a year ago.

For a complete list of the last three weeks by region, click here.

Kevin Jones of The Trucker staff can be reached for comment at kevinj@thetrucker.com.

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