U.S. diesel price down 11.7 cents in last three weeks

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The national average retail price of a gallon of diesel fell 1.1 cent from last week to $3.259 for the week ending Monday, Jan. 28, according to the U.S. Department of Energy. The price has fallen 11.7 cents in the last three weeks, but this week’s price is still 84.6 cents higher than the same week last year. The average price now has been above $3 for a record 19 consecutive weeks.

Seven of eight regions tracked by DOE saw price declines. The largest decline, 4.0 cents, was in the Central Atlantic region, where prices fell to $3.432. Two regions — the Midwest and the Gulf Coast — tied for the nation’s cheapest diesel, $3.218; prices in the Midwest fell 1.0 cent, while Gulf Coast prices fell 0.4 cent, the smallest decrease by region.

The nation’s most expensive diesel, $3.583, was found in the New England region, where week-over-week prices fell 1.1 cent. The only week-over-week increase was found in the Rocky Mountain region, where prices climbed 0.7 cent to $3.236.

Four weeks ago, the price-per-barrel of oil surpassed $100 for the first time, but that price has retreated since.

For state-by-state diesel prices, updated daily, click here.