U.S. diesel price falls 2.4 cents, $4.121

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The national average retail price of a gallon of diesel continued its freefall of recent weeks, skidding another 2.4 cents for the week ending Monday, Sept. 1. The $4.121 price was the lowest in 20 weeks, when it was $4.059 on April 14. The price has fallen 64.3 cents in the last seven weeks.

Still, the price is $1.228 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 21 weeks, hitting a record high of $4.764 on July 14. DOE’s weekly report was delayed one day because of the Labor Day holiday.

Every region tracked by DOE saw price declines. The largest retreat by region, 5.3 cents, was found in the Central Atlantic, where week-over-week prices declined to $4.307. The smallest decline by region, 0.7 cent, was found in the Midwest, where week-over-week prices fell to $4.066, the nation’s least expensive diesel by region. The nation’s most expensive diesel by region, $4.359, was found in New England, where week-over-week prices fell 2.3 cents.

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