After falling 16.1 cents in the previous two weeks following a record high, the national average retail price of a gallon of diesel slid another 10.1 cents for the week ending Monday, Aug. 4. The $4.502 price was the lowest in 11 weeks, when it was $4.497 on May 19.
Still, the price is $1.604 higher than the same week last year, according to the U.S. Department of Energy. The average U.S. price now has been above $4 for 17 weeks, hitting a record high of $4.764 on July 14.
Every region tracked by DOE saw price declines. The largest retreat, 12.0 cents, was found on the Gulf Coast, where week-over-week prices declined to $4.450. The smallest decline, 5.2 cents, was found in the Rocky Mountains, where week-over-week prices fell to $4.605.
The nation’s most expensive diesel by region, $4.735, was found in New England, where week-over-week prices fell 7.1 cents. The least expensive diesel by region, $4.419, was found in the Midwest, where week-over-week prices fell 9.9 cents.
California, which DOE tracks separately, saw a 8.8-cent decline; the state still recorded the nation’s highest diesel price, $4.781.
For state-by-state diesel prices, updated daily, click here.
