U.S. diesel price falls 1.3 cents, $2.756

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The national average retail price of a gallon of diesel declined for the fifth consecutive week, this time falling 1.3 cents to $2.756 for the week ending Monday, Feb. 15. The price, which has fallen 12.2 cents following a three-week 15.3-cent climb, is still 57 cents higher than the same week last year, according to the U.S. Department of Energy, which delayed its weekly update one day because of the Presidents Day holiday.

All regions tracked by DOE saw prices decreases. The biggest decrease, 2.3 cents, was found in New England, where prices fell to $2.991, the nation’s most expensive diesel by region. The smallest decrease, 0.5 cent, was found in the Rocky Mountains, where prices declined to $2.777. The nation’s least expensive diesel by region, $2.705, was found in the Midwest, where prices declined 1.9 cents.

California, which DOE tracks separately for its weekly update, saw a price decrease of 1.8 cents to $2.902; that price is 64 cents higher than the same week last year.