Diesel lowest in more than two years

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The diesel free fall continued Nov. 26, as prices dropped to their lowest levels since Sept. 13, 1999. Prices dropped nearly 3 cents per gallon nationwide, falling from $1.252 for the week ending Nov. 19 to $1.223 on Nov. 26. Prices were down in all nine reporting regions. The Lower Atlantic region ($1.163 per gallon) barely edged out the Gulf Coast region ($1.164 per gallon) for the cheapest reported price of the week.

The California and New England regions both reported the highest price, at $1.339 per gallon. It was the first time in recent history that the California region did not sit alone at the top of the price list. Only two other regions, the Central Atlantic ($1.310) and the West Coast ($1.303), reported prices over the $1.30-per-gallon mark.

The California region also recorded the largest drop in prices, falling 3.8 cents per gallon from $1.377 on Nov. 19 to $1.339 on Nov. 26. The West Coast region reported the second greatest decline, falling 3.6 cents from the previous week.

Nov. 26 marked the tenth consecutive week that prices have fallen, after peaking at $1.527 per gallon following the Sept. 11 terrorist attacks.