Diesel price falls below $2.70 for first time in 6 years

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Another significant drop in the price of a gallon of on-highway diesel has brought prices down below the $2.70 mark for the first time in nearly six years, according to the Department of Energy’s weekly report.

Diesel prices dropped an average of 5.5 cents across the country during the week ending Aug. 3, bringing the national average price to $2.668 per gallon.

Fuel prices dropped in all regions across the country with the most significant decrease coming in the Gulf Coast region, where prices dropped 7.5 cents, followed by the Midwest region, where prices dropped 5.8 cents.

The nation’s most expensive diesel is in California at $3.024 per gallon, followed by New England at $2.895 per gallon.

The cheapest diesel can be found in the Gulf Coast region at $2.536 per gallon, followed by the Midwest region at $2.561 per gallon.

Fuel prices in other regions, according to the Department of Energy, are as follows:

  • Central Atlantic – $2.885
  • Lower Atlantic – $2.654
  • Rocky Mountain – $2.685
  • West Coast less California – $2.761

The Fuel Surcharge Index had diesel prices dropping 6.3 cents to $2.588 per gallon nationally.

According to FSI’s data, the highest fuel prices can be found in New England at $2.881 per gallon, and the lowest can be found in the Midwest region at $2.524 per gallon.

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