Continuing its slide of recent weeks, the national average retail price of a gallon of diesel fell 3.6 cents to $2.291 for the week ending Monday, Jan. 5. The price is the lowest since June 13, 2005, when it was $2.276.
The price has fallen $2.473 after hitting a record high of $4.764 on July 14. This week’s price is $1.085 less than the same week last year, according to the U.S. Department of Energy.
All regions tracked by DOE saw price declines except for the West Coast, where week-over-week prices increased two-tenths of a cent to $2.275. The largest retreat by region, 4.5 cents, was found in the Lower Atlantic, where week-over-week prices declined to $2.310. The smallest decline by region, 3.5 cents, was found in the Rocky Mountains, where week-over-week prices fell to $2.215, the nation’s least expensive diesel by region. The nation’s most expensive diesel by region, $2.596, was found in New England, where week-over-week prices declined 4.2 cents.
California, which DOE tracks separately for its weekly update, saw an price decline of two-tenths of a cent to $2.239; that price is $1.287 cheaper than last year. For state-by-state diesel prices, updated daily, click here.