The U.S. average price for diesel fuel dropped substantially for the second week in a row on Feb. 13, falling 9.5 cents to $4.444 per gallon, after an 8.3-cent tumble for trucking's main fuel the week before.
The prices in each region of the country that the U.S. Energy Information Administration tracks also headed in the direction that the industry prefers and even fell for the week by equal or greater amounts than EIA’s nationwide average. Motor club AAA’s U.S. average also declined each day and ended the week down 7 cents to $4.544 per gallon on Feb. 14.
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While EIA still is seeing its diesel average sit 42.5 cents above the price of one year ago at this time, gasoline dropped 9.7 cents below its year-ago level to $3.390 for the week of Feb. 13. Gas, pumped by some commercial fleets and much more widely by consumers, is more than a dollar, $1.054 per gallon, cheaper than diesel.
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EIA diesel regions, oil prices hold more good news
In the U.S. regions measured by EIA, diesel fuel fell the most for the week of Feb. 13 in the Midwest, 10.4 cents to $4.274 per gallon. The fuel dropped by the same amount, 9.9 cents, on the East Coast (to $4.653) and along the Gulf Coast (to $4.15 per gallon), according to EIA. The Midwest, East Coast, and Gulf Coast are loaded with freight-shipping lanes that are critical to trucking and freight transportation.
In the Rocky Mountain region, also a location important to the industry, diesel was down 8.1 cents to $4.660 per gallon, and on the West Coast, the only region where the fuel remains above $5 and where diesel historically is the most expensive, the fuel nevertheless fell another 5.3 cents the week of Feb. 13 to $5.033 per gallon.