Diesel price falls 4.1 cents

The national average retail price decreased 4.1 cents during the week ended March 18 to $4.047 a gallon, Diesel prices are 9.5 cents lower than the same week last year. After hitting the highest price since mid-August 2008, prices have dropped by 11.2 in the last three weeks.

Diesel prices fell in all regions, led by a 6.8-cent drop in California, which still has the nation’s most expensive diesel on average at $4.212 a gallon. Prices in New England are no far behind, averaging $4.204 a gallon. The Rocky Mountain region still has the nation’s cheapest diesel on average at $3.971 a gallon, but the Gulf Coast region is close behind at $3.989 a gallon. Those are the only two regions where the average diesel price is below $4 a gallon.

Complete diesel price information is available on EIA’s Website.