Diesel price drops another nickel to $3.846

While the price of diesel is still 6.3 cents higher than at the first of the year, diesel is 9.4 cents cheaper than it was a year ago.

The Trucker Staff

6/4/2012

WASHINGTON — The average price for a gallon of diesel has dropped a nickel or so for the fourth week in a row — the ninth decline in 10 weeks — taking the cost of fuel to the lowest level since early January.

Officially, the nationwide retail on-highway price for a gallon of diesel dropped 5.1 cents to come in at $3.846, according to the June 6 report by the Energy Information Administration of the Department of Energy.

While the price is still 6.3 cents higher than at the first of the year, diesel is 9.4 cents cheaper than it was a year ago.

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The West Coast saw the biggest decrease, down 6.3 cents per gallon, while the Lower Atlantic region was down 5.7 cents per gallon.

The West Coast still has the highest regional price at $4.101, which includes California — where the state premium brought the average cost of a gallon of diesel there to $4.169.

The lowest regional price was in the Midwest, at $3.746, followed by the Gulf Coast at $3.757.

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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