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Diesel drops to $3.678, lowest price in more than a year

Diesel is now 21 cents cheaper than it was a year ago. The lowest regional price was on the Gulf Coast at $3.601, followed closely by the Midwest, at $3.606 and the Lower Atlantic, $3.616.

The Trucker Staff

6/25/2012

WASHINGTON — The average price for a gallon of diesel has dropped a nickel or so for the seventh week in a row — the 12th decline in 13 weeks — bringing the cost of fuel to the lowest level in 16 months.

Officially, the nationwide retail on-highway price for a gallon of diesel dropped 5.1 cents to come in at $3.678, according to the June 25 report by the Energy Information Administration of the Department of Energy. The last time the price of diesel was lower was the week of Feb. 21, 2011, when it was $3.573 — and then jumped almost 30 cents over the next two weeks.

Diesel is now 21 cents cheaper than it was a year ago.

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The West Coast saw the biggest decrease, down 6 cents per gallon, while the price dropped 5.3 cents per gallon in the Rocky Mountain and Gulf Coast regions.

The New England region had the highest price at $3.873, although the state premium in California brought the average cost of a gallon of diesel there to $3.908.

The lowest regional price was on the Gulf Coast at $3.601, followed closely by the Midwest, at $3.606 and the Lower Atlantic, $3.616.

For a complete record 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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