Diesel falls to lowest price since July 2012

| September 03, 2014

The national average price for a gallon of on-highway diesel hit its lowest point since July 2012 last week, as it fell seven-tenths of a cent to $3.814, according to the Department of Energy.

 Diesel fell for the ninth consecutive week in the week ended Sept. 1, and it’s down 16.7 cents from the same week in 2013.

The average price of diesel fell in all regions in the U.S. too, save for the West Coast region and the West Coast less California region, which saw 2-cent and 5.2-cent spikes, respectively. 

The Lower Atlantic region led all price decreases with a 1.5-cent drop, followed by the East Coast’s 1.3-cent decline and the Gulf Coast’s 1.2-cent drop. 

California again had the country’s most expensive diesel, $4.079, followed by the West Coast’s $4.030. Averages in all other regions were below $4. 

The Gulf Coast region had the country’s cheapest diesel, $3.720, followed by the Midwest’s $3.752 and the Lower Atlantics $3.756.

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