National average diesel price declined 20 cents per gallon
The price of diesel fuel in the US goes down, as evidenced by reports from the federal Energy Information Administration. The average price for diesel fuel on Thursday, December 2, is $5,132 per gallon, which is 20 cents less than in mid-November.
In all regions but one, the average diesel price dropped by 9 cents over the past week. It is about the Gulf of Mexico, the Midwest and the Central Atlantic regions.
New England reported an 8,8-cent decline, and the East Coast was down by 7,7 cents.
The Rocky Mountain region had the only price increase at 1,6 cents.
This week’s lowest average price is $4,677 per gallon in the Gulf Coast.
Thus, the average diesel prices per gallon in the United States over the past week are:
- U.S. – $5,132, down 8,2 cents.
- East Coast – $5,491, down 7,7 cents.
- New England – $5,97, down 8,8 cents.
- Central Atlantic – $5,924, down 9,1 cents.
- Lower Atlantic – $5.117, down 7 cents.
- Midwest – $5,161, down 9,4 cents.
- Gulf Coast – $4,677, down 9,7 cents.
- Rocky Mountain – $5,428, up 1,6 cents.
- West Coast without California – $5,422, down 1,3 cents.
- California – $5,188, down 10,5 cents.
While the high cost of diesel has been a major factor behind the massive inflation that has hit states and other countries for much of the year, falling fuel prices have so far been doing little to stabilize the economy.
Manufacturers who rely on large quantities of fuel should see sustained low prices for months before they adjust the cost of what they sell, analysts say.
