Diesel and gasoline prices still dropping

Diesel and gasoline prices still dropping

U.S. average retail pump prices for both diesel and gasoline continued to decline this week in every region of the country, according to data tracked by the Energy Information Administration (EIA).

Diesel fell 1.6 cents this week to $3.870 per gallon, which is 16 cents per gallon lower compared to the same week in 2012, the agency said.

The Gulf Coast is home to the cheapest diesel in the nation at $3.783 per gallon, while New England ($4.020), California ($4.117) and the West Coast when including California’s prices ($4.036) all remain the most expensive and over the $4 per gallon mark. EIA noted, however, that diesel prices on the West Coast drop to $3.941 per gallon when California’s prices are factored out.

Gasoline fell 6.6 cents to $3.294 per gallon this week, the agency reported, which is 27.4 cents per gallon cheaper compared to the same week in 2012.

EIA added that gasoline prices fell in every region of the country, with the West Coast hosting the highest price at $3.609 per gallon, with the Gulf Coast home to the lowest at $3.072 per gallon. 

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