Diesel downturn continues as price nears half-decade low

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The national average price for a gallon of on-highway diesel fell 6.7 cents in the week ended Jan. 26, according to the Department of Energy’s weekly report, bringing the nation’s average at-pump diesel price to $2.866 — the lowest since the week ended March 1, 2010.

The U.S. diesel price has now fallen 11 consecutive weeks and 28 out of the last 30 weeks. It’s also more than a dollar lower than than the same week a year ago.

All regions in the U.S. saw a price drop, too, led by an 8.5-cent drop in the Midwest region. The California subregion saw a price drop of 7.5 cents, and the Rocky Mountain region’s average price fell 7.2 cents.

The California subregion still has the country’s most expensive diesel, however, $3.09. It’s one of only three regions still above $3 — the Central Atlantic region ($3.078) and the New England region ($3.018) being the others.

The West Coast less California region has the country’s cheapest diesel, $2.763, followed by the Gulf Coast’s $2.786 and the Midwest’s $2.804.

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