The national average retail price of a gallon of diesel continued its freefall of recent weeks, skidding another 14.6 cents for the week ending Monday, Aug. 18. The $4.207 price was the lowest in 15 weeks, when it was $4.149 on May 5. The price has fallen 55.7 cents in the last five weeks.
Still, the price is $1.339 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 19 weeks, hitting a record high of $4.764 on July 14.
Every region tracked by DOE saw price declines. The largest retreat by region, 16.2 cents, was found in New England, where week-over-week prices declined to $4.422, still the nation’s most expensive diesel by region. The smallest decline by region, 13.7 cents, was found in the Midwest, where week-over-week prices fell to $4.130, the nation’s least expensive diesel by region.
California, which DOE tracks separately, saw the largest overall price decline, 18.5 cents; the state still tied the New England region for the nation’s highest diesel price, $4.422.
For state-by-state diesel prices, updated daily, click here.