Diesel price drops below $4

Updated Apr 2, 2013

The national average retail price decreased 1.3 cents to $3.99 a gallon during the week ended April 1, according to the U.S. Department of Energy’s Energy Information Administration. At 4.006 a a gallon during the week ended March 25, diesel prices are 14.9 cents lower than the same week last year. The national average is below $4 for the first time since the week ended Jan. 28.

Diesel prices fell in all but two regions — California and the West Coast. Prices in California jumped 5.3 cents on average. Coupled with a 2.3-cent drop in average prices in New England, California now has the nation’s most expensive diesel on average at $4.20 cents a gallon. The largest decrease in prices was 2.5 cents on the East Coast. The nation’s cheapest diesel on average is now in the Gulf Coast region at $3.915 a gallon.

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