WASHINGTON — The average on-highway price of a gallon of diesel dropped four-tenths of one cent to $2.558 for the week ending February 6, the Energy Information Administration of the Department of Energy reported Monday.
It marked the fourth consecutive week that the price has gone down with the four declines totaling 3.9 cents.
Had it not been for prices on the West Coast, the February 6 decrease likely would have been larger.
The West Coast states reported an increase of 1.1 cents, triggered by a 1.7-cent-a-gallon increase in California.
The largest declines were in the Midwest (eight tenths of a cent) and the Central Atlantic states (seven tenths of a cent).
The February 6 price is 55 cents higher than one year ago.
Meanwhile, energy companies led U.S. stock indexes broadly lower in late afternoon trading as the price of crude declined.
At the close Monday, benchmark oil had fallen 82 cents to $53.01. However, that figure is still higher than one week ago when oil finished the day trading at $52.63.
The Trucker staff can be reached to comment on this article at email@example.com.
Find more news and analysis from The Trucker, and share your thoughts, on Facebook.