Fuel prices continue to fall

Fuel prices continue to fall

Average retail pump prices in the U.S. for diesel and gasoline continued falling this week, according to data tracked by the Energy Information Administration (EIA).

The national average for diesel dropped 4 cents to $2.784 per gallon this week, the agency noted, which is $1.175 per gallon cheaper compared to the same week in 2014.

Diesel prices declined in every region of the country, EIA added, with only four areas sporting prices above the $3-per-gallon mark:

  • New England at $3.114 per gallon, down 5 cents from last week;
  • The Central Atlantic at $3.112, down 5.7 cents (which is also the biggest regional drop for diesel prices this week);
  • California at $3.061, down 3.5 cents.

The national average for gasoline decreased 3.5 cents to $2.413 per gallon this week, the agency noted, which is $1.183 per gallon cheaper compared to the same week in 2014.

Gasoline prices declined in every region of the U.S., except for the Rocky Mountains, where prices inched up 6/10ths of a penny to $2.319 per gallon, EIA said.

The largest regional dip in gasoline prices occurred in the Midwest, which sport a 6.6 cent decline to $2.312 per gallon, the agency pointed out.

TAGS: News
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