The national average retail price of a gallon of diesel fell 9.1 cents from last week to $3.325 for the week ending Monday, Dec. 10. The new price is still 70.4 cents higher than the same week last year, according to the U.S. Department of Energy. The average price now has been above $3 for a record 12 consecutive weeks.
Prices fell in all regions tracked by DOE: The Midwest region saw the biggest decrease, 10.9 cents, to $3.276, which was the nation’s second-cheapest diesel. The cheapest diesel was on the Gulf Coast, where prices fell 8.0 cents to $3.265. The second-largest decrease, 9.2 cents, was on the West Coast, where prices fell to $3.440.
The most expensive diesel was in the New England region, where prices fell only 2.5 cents — the nation’s smallest decrease — to $3.57. The second-smallest decrease, 5.6 cents, was in the Central Atlantic region, where week-over-week prices fell to $3.514.
Tight supply, growing demand worldwide and “heightened geopolitical risks” are to blame for the high prices of diesel and gasoline, said DOE’s Energy Information Administration.
For state-by-state diesel prices, updated daily, click here.