For the eighth week in the last nine weeks, the national average retail price of diesel fell during the week ended July 4, according to the U.S. Department of Energy’s Energy Information Administration. The national average price dropped 3.8 cents to $3.85.
Since May 2 the national average price has fallen 27.4 cents and is at its lowest level since March 7.
Average prices in all regions declined in the latest week. The California average price dropped 8.1 cents to $4.065, while the rest of the West Coast decreased 7.6 cents to $3.993. California and New England remain the only areas above $4 a gallon.
The national average price is 92.6 cents higher than a year ago. The record diesel price was $4.764 in July 2008.
For diesel price information, click here.
"Until a formal regulation is established with clear guidelines and borders ...