Diesel price hits lowest point in nearly six years

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With a 5.9-cent drop this week, the U.S.’ average per-gallon diesel price fell to its lowest point since October 2009, according to the Department of Energy’s weekly report.

The U.S.’ average price for a gallon of on-highway diesel is now $2.723 nationwide, which is $1.135 lower than the same week last year. This week’s price is also the lowest in nearly six years, since prices were $2.705 in the week ended Oct. 19, 2009.

Fuel prices dropped in all regions across the country with the most significant decrease coming in the Central Atlantic region, where prices dropped 6.7 cents, followed by New England, where prices dropped 6.4 cents.

The nation’s most expensive diesel is in California at $3.072 per gallon, followed by New England at $2.932 per gallon.

The cheapest diesel can be found in the Gulf Coast region at $2.611 per gallon, followed by the Midwest region at $2.619 per gallon.

Fuel prices in other regions, according to the Department of Energy, are:
•Central Atlantic – $2.918
•Lower Atlantic – $2.701
•Rocky Mountain – $2.735
•West Coast less California – $2.814

The Fuel Surcharge Index had diesel prices dropping 6 cents during the week to $2.651 per gallon nationally.

According to FSI’s data, fuel prices are below $3 in every region with New England being the highest at $2.926, and the Midwest region being the lowest at $2.581 per gallon.

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