U.S. diesel price falls 6.2 cents, $4.059

user-gravatar

The national average retail price of a gallon of diesel continued its freefall of recent weeks, skidding another 6.2 cents for the week ending Monday, Sept. 8. The $4.059 price was the lowest in 21 weeks, when it was the same price on April 14. The price has fallen 70.5 cents in the last eight weeks.

Still, the price is $1.135 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 22 weeks, hitting a record high of $4.764 on July 14.

Every region tracked by DOE saw price declines. The largest retreat by region, 9.2 cents, was found on the West Coast, where week-over-week prices declined to $4.156. The smallest decline by region, 4.7 cents, was found in New England, where week-over-week prices fell to $4.312, the nation’s most expensive diesel by region. The nation’s least expensive diesel by region, $4.015, was found in two regions: the Midwest (down 5.1 cents) and the Gulf Coast (down 5.3 cents).

California, which DOE tracks separately, saw the nation’s largest price retreat overall, 9.7 cents, falling to $4.185. For state-by-state diesel prices, updated daily, click here.