Disel Prices Hit Record Low in 6 Years
The national average price for a gallon of on-highway diesel fuel fell below $2.40 this week, hitting its lowest price since 2009, according to the Energy Information Administration. For the week ending Dec. 7, 2015, drivers paid an average of $2.379 across the nation, a 4.2 cent drop from the previous week and a decline of $1.156 from this week last year.
Both week-to-week and year-over-year prices fell in every region of the country, bringing carrier and driver costs to a six-year low. Nationally, prices are roughly 33 percent lower than last year.
For the week, the biggest drop occurred in the Midwest, with a decrease of 6.3 cents per gallon, and the smallest decline, 1.2 cents, occurred in New England. California currently has the most expensive diesel in the nation at $2.704 per gallon, while drivers along the Gulf Coast are enjoying the lowest prices, averaging $2.232. For the average price and weekly change in each region, see below.
- United States, $2.379, down 4.2 cents
- East Coast, $2.413, down 4.2 cents
- New England $2.515, down 1.2 cents
- Central Atlantic, $2.542, down 2.5 cents
- Lower Atlantic, $2.295, down 6 cents
- Midwest, $2.348, down 6.3 cents
- Gulf Coast, $2.232, down 2.2 cents
- Rocky Mountain, $2.410, down 4.1 cents
- West Coast, $2.603, down 2.1 cents
- West Coast less California, $2.477, down 3.3 cents
- California, $2.704, down 1.3 cents
Source: Energy Information Administration
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