Continuing its slide of recent weeks, the national average retail price of a gallon of diesel fell 5.6 cents to $2.366 for the week ending Monday, Dec. 22. The price is the lowest since Aug. 1, 2005, when it was $2.348.
The price has fallen $2.398 after hitting a record high of $4.764 on July 14. This week’s price is 94.2 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, 7.8 cents, was found in the Rocky Mountains, where week-over-week prices declined to $2.272, the nation’s least expensive diesel by region. The smallest decline by region, 2.9 cents, was found on the West Coast, where week-over-week prices fell to $2.274. The nation’s most expensive diesel by region, $2.689, was found in New England, where week-over-week prices declined 5.1 cents.
California, which DOE tracks separately for its weekly update, saw an 4.1-cent price decline to $2.251; that price is $1.183 cheaper than last year. For state-by-state diesel prices, updated daily, click here.