U.S. diesel price tumbles 17.7 cents, $3.482

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Continuing its slide of recent weeks, the national average retail price of a gallon of diesel tumbled 17.7 cents to $3.482 for the week ending Monday, Oct. 20.

The price — the lowest since Feb. 18, when it was $3.396 — has fallen $1.368 since hitting a record high of $4.764 on July 14. Still, this week’s price is 38.8 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, 19.4 cents, was found in the Midwest, where week-over-week prices declined to $3.447. The smallest decline by region, 14.2 cents, was found in the Rocky Mountains, where week-over-week prices fell to $3.555.

The nation’s most expensive diesel by region, $3.729, was found in New England, where week-over-week prices fell 16.3 cents. The nation’s least expensive diesel by region, $3.433, was found on the West Coast, where week-over-week prices fell 18.9 cents.

California, which DOE tracks separately for its weekly update, saw a 19.6-cent price decline to $3.460. For state-by-state diesel prices, updated daily, click here.