Continuing its slide of recent weeks, the national average retail price of a gallon of diesel fell 4.9 cents to $2.615 for the week ending Monday, Dec. 1. The price is the lowest since Feb. 26, 2007, when it was $2.551.
The price has fallen $2.149 after hitting a record high of $4.764 on July 14. This week’s price is 80.1 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, 6.7 cents, was found in the Rocky Mountains, where week-over-week prices declined to $2.577. The smallest decline by region, 4.2 cents, was found on the Gulf Coast, where week-over-week prices fell to $2.556. The nation’s most expensive diesel by region, $2.954, was found in New England, where week-over-week prices declined 4.3 cents.
Prices on the West Coast fell 5.5 cents to $2.553, the nation’s least expensive diesel by region; that price is 97.9 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 6.7-cent price decline to an even lower $2.538; that price is $1.029 cheaper than last year. For state-by-state diesel prices, updated daily, click here.