U.S. diesel price tumbles 14.4 cents, $2.944

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Continuing its slide of recent weeks, the national average retail price of a gallon of diesel tumbled 14.4 cents to $2.944 for the week ending Monday, Nov. 10. The price slid below the $3 mark for the first time since Sept. 17, 2007, when it was $2.964.

The price has fallen $1.82 since hitting a record high of $4.764 on July 14. This week’s price is 48.1 cents less 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, 19.3 cents, was found in the Rocky Mountains, where week-over-week prices declined to $2.964. The smallest decline by region, 13.0 cents, was found in the Midwest, where week-over-week prices fell to $2.888, the nation’s cheapest diesel by region. The nation’s most expensive diesel by region, $3.266, was found in New England, where week-over-week prices fell 15.4 cents.

Prices on the West Coast fell 14.2 cents to $2.910; that price is 69.8 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 14.4-cent price decline to $2.913; that price is 75.0 cents cheaper than last year. For state-by-state diesel prices, updated daily, click here.