Continuing its slide of recent weeks, the national average retail price of a gallon of diesel tumbled 13.5 cents to $2.809 for the week ending Monday, Nov. 17. The price is the lowest since June 18, 2007, when it was $2.805.
The price has fallen $1.955 since hitting a record high of $4.764 on July 14. This week’s price is 60.1 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, 15.0 cents, was found on the Gulf Coast, where week-over-week prices declined to $2.745, the nation’s cheapest diesel by region. The smallest decline by region, 11.8 cents, was found in New England, where week-over-week prices fell to $3.148, the nation’s most expensive diesel by region. Only the New England and Central Atlantic ($3.072, down 13.1 cents) regions recorded average prices above $3.
Prices on the West Coast fell 14.2 cents to $2.768; that price is 81.8 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 15.9-cent price decline to $2.754; that price is 87.0 cents cheaper than last year. For state-by-state diesel prices, updated daily, click here.