U.S. diesel price tumbles 19.4 cents, $3.288

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Continuing its slide of recent weeks, the national average retail price of a gallon of diesel tumbled 19.4 cents to $3.288 for the week ending Monday, Oct. 27.

The price — the lowest since Feb. 11, when it was $3.280 — has fallen $1.476 since hitting a record high of $4.764 on July 14. This week’s price is only 13.1 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, 23.4 cents, was found on the Gulf Coast, where week-over-week prices declined to $3.219, the nation’s least expensive diesel by region. The smallest decline by region, 12.4 cents, was found in the Central Atlantic, where week-over-week prices fell to $3.509. The nation’s most expensive diesel by region, $3.573, was found in New England, where week-over-week prices fell 15.6 cents.

Prices on the West Coast fell 20.0 cents to $3.233; that price is 16.1 cents less than what was recorded for the region during the same week last year. California, which DOE tracks separately for its weekly update, saw a 17.4-cent price decline to $3.286; that price is 12.0 cents cheaper than last year. For state-by-state diesel prices, updated daily, click here.