U.S. diesel price falls 2.2 cents, $2.246

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The national average retail price fell 2.2 cents to $2.246 for the week ending Monday, Feb. 2. This week’s price is $1.034 less than the same week last year, and is the lowest price since June 6, 2005, when it was $2.234, according to the U.S. Department of Energy.

The U.S. average price has fallen $2.518 after hitting a record high of $4.764 on July 14. Since then, the price has fallen 27 of the last 29 weeks, with the only increases happening Sept. 29 when the price climbed one-tenth of a cent; and Jan. 12, when the price climbed 2.3 cents.

All regions tracked by DOE saw price declines. The largest decrease by region, 3.1 cents, was found in the Midwest, where week-over-week prices fell to $2.201. The smallest decrease by region, 0.6 cent, was found in the Central Atlantic, where week-over-week prices fell to $2.484.

The nation’s most expensive diesel by region, $2.583, was found in New England, where week-over-week prices fell 1.2 cents. The nation’s least expensive diesel by region, $2.189, was found on the Gulf Coast, where week-over-week prices fell 1.3 cents.

California, which DOE tracks separately for its weekly update, saw an price decline of 0.8 cent to $2.288; that price is $1.089 cheaper than last year. For state-by-state diesel prices, updated daily, click here.