U.S. diesel average drops 4 cents, nears $2 threshold

A 4-cent drop in the country’s national average price of diesel fuel in the most recent week has the U.S. average at $2.031 per gallon, according to the Department of Energy’s weekly report.

This is the lowest diesel has been since the week of March 16, 2009, and if prices continue to drop as they have, next week could potentially see prices drop below $2 per gallon for the first time since February 2005.

The most significant drop in price this week came in California, where prices dropped 6 cents, followed by the Rocky Mountain and Midwest regions, where prices dropped 4.6 cents.

The nation’s most expensive diesel is still in California at $2.399 per gallon, followed by the Central Atlantic region at $2.239 per gallon.

The cheapest fuel can be found in the Gulf Coast region at $1.917 per gallon, followed by the Midwest at $1.941 per gallon.

Prices in other regions are as follows:

• New England – $2.219
• Lower Atlantic – $1.992
• Rocky Mountain – $1.969
• West Coast less California – $2.117

ProMiles’ numbers have the average price of a gallon of on-highway diesel at $1.955 per gallon nationwide.

According to ProMiles’ Fuel Surcharge Index, the most expensive diesel can be found in California at $2.311 per gallon, and the cheapest can be found in the Midwest at $1.902 per gallon.

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