The latest data from the Energy Information Administration reveals that the national average price for diesel has dropped by 2.3 cents, slipping below the $4 per gallon mark. This marks the second time in the past 11 weeks that diesel prices have reached this level.
Key Points:
- The current price stands at $3.992 per gallon, the first time it has fallen below $4 since April 1.
- Compared to last year, the average cost of diesel is down by 8.5 cents per gallon.
- Diesel prices decreased in eight out of the ten regions surveyed by the EIA, with the Rocky Mountain region experiencing the largest drop of 7.3 cents, while New England saw a slight increase of 1.5 cents.
- California remains the only region where diesel prices are higher compared to the same time last year, with an increase of 28.4 cents per gallon.
- In contrast, gasoline prices have risen by 4 cents per gallon on average, reaching $3.668. This is 1.2 cents more than at this time last year.
