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Diesel price drops 2 cents to $4.01

The national average retail diesel price fell by 2 cents to $4.01 during the week ended Nov. 5, according to the U.S. Department of Energy’s Energy Information Administration. The latest weekly price is 12.3 cents above the same week last year.

The average diesel price fell in all but two regions — New England and the Central Atlantic, which were the principal areas affected by Hurricane Sandy. But diesel rose by only 0.6 cent in each of those regions. The largest decrease was 4.3 cents in California, which nevertheless still has the nation’s highest diesel prices on average at $4.225 a gallon. The least expensive fuel on average was in Gulf Coast region at $3.92 a gallon. The price of diesel remains above $4 a gallon in all but three regions — the Gulf Coast, the Midwest and the Lower Atlantic.

Complete diesel price information is available on EIA’s Website.

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