The national average retail price fell 3.3 cents to $2.186 for the week ending Monday, Feb. 16. This week’s price is $1.210 less than the same week last year, and is the lowest price since May 30, 2005, when it was $2.160, according to the U.S. Department of Energy. DOE’s weekly update was delayed one day because of the President’s Day holiday.
The U.S. average price has fallen $2.578 after hitting a record high of $4.764 on July 14. Since then, the price has fallen 29 of the last 31 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, 5.7 cents, was found in the Lower Atlantic, where week-over-week prices fell to $2.148. The smallest decrease by region, 0.8 cent, was found on the West Coast, where week-over-week prices fell to $2.284.
The nation’s most expensive diesel by region, $2.559, was found in New England, where week-over-week prices fell 1.7 cents. The nation’s least expensive diesel by region, $2.133, was found on the Gulf Coast, where week-over-week prices fell 2.3 cents.
California, which DOE tracks separately for its weekly update, saw a price decline of 0.7 cent to $2.262; that price is $1.249 cheaper than last year. For state-by-state diesel prices, updated daily, click here.