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Diesel Drops

Since falling the week of Nov. 29, the price had increased 74.5 cents over 15 straight weeks of gains. The national average price is 96.1 cents higher than the same week last year. For the first time since late November, the national average retail price of diesel dipped 0.1-cent to $3.907 a gallon during the week ended March 21, according to the U.S. Department of Energy’s Energy Information Administration.Since falling the week of Nov. 29, the price had increased 74.5 cents over 15 straight weeks of gains. The national average price is 96.1 cents higher than the same week last year.

Diesel
Although the national price slipped a bit, prices in some regions continued to escalate. Prices increased 3.7 cents in the Rocky Mountain region, 1.3 cents on the West Coast (exclusive of California) and 2.9 cents in California, the most expensive area at $4.199. The New England price also gained 0.6-cent.Oil slipped under $100 a barrel last week for the first time since March 1, following demand downturns after Japan’s big earthquake on March 11.Crude rose $1.26 Monday to finish the New York Mercantile Exchange trading day at $102.33 a barrel — the highest closing price since March 10 — following U.S. and allied military strikes against Libya, an OPEC oil producer, over the weekend, Bloomberg reported.Each week, DOE surveys about 350 diesel filling stations to compile a national snapshot average price.For state-by-state diesel prices, updated daily, click here.