U.S. diesel price falls 6.5 cents, $3.958

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The national average retail price of a gallon of diesel continued its freefall of recent weeks, skidding another 6.5 cents for the week ending Monday, Sept. 22. The $3.958 price was the lowest in 24 weeks, when it was $3.955 on April 7, the last time the price was below $4. The price has fallen 80.6 cents in the last 10 weeks.

The average U.S. price was above $4 for 23 weeks, hitting a record high of $4.764 on July 14. Still, this week’s price is 92.6 cents higher than the same week last year, according to the U.S. Department of Energy.

Every region tracked by DOE saw price declines. The largest retreat by region, 13.6 cents, was found in New England, where week-over-week prices declined to $4.11, still the nation’s most expensive diesel by region. The smallest decline by region, 4.2 cents, was found in the Midwest, where week-over-week prices fell to $3.931. The nation’s least expensive diesel by region was found on the Gulf Coast, where week-over-week prices fell 8.7 cents to $3.924.

California, which DOE tracks separately, saw a 10.2-cent price decline to $3.951. For state-by-state diesel prices, updated daily, click here.