Continuing its slide of recent weeks, the national average retail price of a gallon of diesel fell 9.3 cents to $2.422 for the week ending Monday, Dec. 15. The price is the lowest since Jan. 29, 2007, when it was $2.413.
The price has fallen $2.342 after hitting a record high of $4.764 on July 14. This week’s price is 88.7 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, 11.8 cents, was found on the West Coast, where week-over-week prices declined to $2.303, the nation’s least expensive diesel by region. The smallest decline by region, 8.5 cents, was found in the Midwest region, where week-over-week prices fell to $2.406. The nation’s most expensive diesel by region, $2.740, was found in New England, where week-over-week prices declined 10.9 cents.
California, which DOE tracks separately for its weekly update, saw an 11.0-cent price decline to $2.292; that price is $1.134 cheaper than last year. For state-by-state diesel prices, updated daily, click here.