Diesel price plunges

Dscn0882 OdFor the third straight week, the national average retail price of diesel fell the week ended Aug. 15, plunging 6.2 cents to $3.835 a gallon, according to the U.S. Department of Energy’s Energy Information Administration.

Average prices in all regions dropped in the latest week led by a sharp drop of 11 cents to $3.957 in California. The West Coast, excluding California, fell 8.6 cents $3.863. Following the latest decreases, only New England ($4.001) remains above $4 a gallon in the DOE figures.

With the latest price drop, the national average price is 85.6 cents higher than a year ago. The record diesel price was $4.764 in July 2008.

For diesel price information, click here.

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