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U.S. diesel prices continue tumbling, at lowest point since early 2011

The national average price for a gallon of on-highway diesel fell another 1.2 cents in the week ended Nov. 3 to $3.623, according to the Department of Energy’s weekly report, as the country’s diesel price remains at a near four-year low.

[related-post id=”106426″/]The price of diesel has now dropped for 18 straight weeks, except for one week with no change in early September.

The U.S. average price has fallen 29.7 cents in that time span, pushing it to its lowest price since February 2011. The Nov. 3 average is also 23.4 cents lower than the same week last year, according to the DOE.

All regions in the U.S. saw price drops too, except the Midwest, which had a 1.3-cent increase.

The Central Atlantic region led all price drops with a 3.8-cent decline, followed by the New England region’s 3.7-cent drop and the Gulf Coast’s 3.1-cent drop.

The California subregion has the country’s most expensive diesel, $3.861, followed by the West Coast’s $3.789 and the Rocky Mountain region’s $3.713.

The Gulf Coast region has the cheapest diesel, $3.532, followed by the Lower Atlantic’s $3.533 and the East Coast’s $3.597.

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James Jaillet is the News Editor for CCJ and Overdrive. Reach him at jjaillet@randallreilly.com.

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