Diesel price takes another dip, 1.5 cents, to $4.692

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The national average retail price of a gallon of diesel fell for the second week in a row, declining 1.5 cents to $4.692 for the week ending Monday, June 9. However, the price — which had climbed 76.8 cents in the seven weeks prior to last week’s 1.6-cent decline — is $1.90 higher than the same week last year, according to the U.S. Department of Energy.

The record high of $4.723 was set May 26. The average U.S. price now has been above $4 for nine weeks.

Most regions tracked by DOE saw price declines. The largest decrease, 2.8 cents, was found in two regions: the Central Atlantic, where week-over-week prices fell to $4.879, still the nation’s most expensive diesel by region; and the Midwest, where week-over-week prices fell to $4.615, the nation’s least expensive diesel by region.

The smallest price decrease by region, 0.4 cent, was found on the West Coast, where week-over-week prices declined to $4.874. California, which DOE tracks separately, recorded the nation’s highest diesel price, $4.992; prices in that state actually dipped 3.5 cents after passing the $5 mark two weeks ago and remaining unchanged last week at $5.027.

One region saw a price increase: the Rocky Mountains, where prices rose to $4.698, a 1.8-cent hike. For state-by-state diesel prices, updated daily, click here.