U.S. diesel price declines 8.4 cents, $3.875

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Following a small increase last week, the national average retail price of a gallon of diesel resumed its freefall of recent weeks, declining 8.4 cents to $3.875 for the week ending Monday, Oct. 6.

The price — the lowest since March 10, when it was $3.819 — has fallen 88.9 cents since hitting a record high of $4.764 on July 14. Still, this week’s price is 84.0 cents higher than the same week last year, according to the U.S. Department of Energy.

All regions tracked by DOE saw price declines. The largest retreat by region, 9.6 cents, was found in the Lower Atlantic, where week-over-week prices declined to $3.896. The smallest decline by region, 4.1 cents, was found in New England, where week-over-week prices fell to $4.036, the nation’s most expensive diesel by region and the only regional price still above $4. The nation’s least expensive diesel by region, $3.843, was found on the Gulf Coast, where week-over-week prices fell 8.6 cents.

California, which DOE tracks separately for its weekly update, saw a 9.4-cent price decline to $3.869. For state-by-state diesel prices, updated daily, click here.