The average price for a gallon of diesel nationwide fell by 3.5 cents for the week ending June 17, to currently stand at $3.07 per gallon, according to the U.S. Energy Information Administration (EIA).
For the second week in a row, diesel prices fell in every region of the country, with California seeing the largest drop, 5.2 cents, to stand at $4.006 per gallon. This is in contrast to roughly a month ago, when California was seeing price increases while most of the rest of the nation was experiencing a drop in diesel prices.
Overall along the West Coast, diesel fell 4.9 cents this week, to $3.666. Not including California, diesel prices along the rest of the West Coast are down to $3.23 per gallon, down 23.5 cents from a year ago.
East Coast diesel prices didn’t drop quite as far. In New England, the price dropped 3.2 cents, to finish at $3.153 per gallon. The Central Atlantic region continues t have the highest prices on the East Coast, at $3.282 following a decrease of 2.6 cents. The Lower Atlantic saw a decrease of 2.5 cents. The price for a gallon of diesel there is currently $2.964, one of three regions where diesel has fallen below $3.
With a drop of 4.5 cents, the Midwest claims the second-lowest current price for a gallon of diesel, $2.957, well off the low-price leader, the Gulf Coast region, where diesel is now $2.820 after a drop of 2.3 cents.
The Rocky Mountain region also saw a sharp drop, 4.2 cents, to stand at $3.072, which is 26.7 cents lower than a year ago, the largest year-to-year drop.
On Monday, Brent crude, the global benchmark, rose 70 cents, or 1.13%, to settle at $62.01 a barrel. U.S.-based West Texas Intermediate crude rose 23 cents, or 0.44%, to settle at $52.51 a barrel.
Click here for a complete list of average prices by region for the past three weeks.