Diesel price declines

The U.S. average diesel price dropped below $4 a gallon, according to the U.S. Department of Energy’s Energy Information Administration.

The price for the week ended Nov. 28 declined 4.6 cents to $3.964, the biggest one-week decline since a 4.7-cent dip on Sept. 26. Nonetheless, the latest price is 80.2 cents higher than the same week last year.

Before this week’s decline, the price had climbed 28.9 cents since Oct. 10 and had increased every week except for Nov. 7.

Price in all regions fell, led by a 6.1-cent decline in the Midwest to $3.949. The smallest decrease was 1.1 cent in New England to $4.045.

The nation’s most expensive diesel is in California, where the average price was down 4.7 cents to $4.224. The nation’s least expensive diesel is in the Gulf Coast region, where the average price was down 4.4 cents to $3.859.

The record diesel price was $4.764 in July 2008.

For diesel price information, click here.