U.S. DIESEL AVERAGE FALLS BELOW $2 FOR FIRST TIME OVER 10 YEARS

For the first time since Feb. 14, 2005, the average price for a gallon of on-highway diesel in the U.S. is below $2.

According to the Department of Energy’s weekly report, the price of a diesel now stands at $1.98 per gallon, which is the lowest price since Jan. 24, 2005.

Prices dropped in all regions of the country, with the most significant decrease coming in California, where prices dropped 5.3 cents during the week.

The nation’s most expensive diesel is in California at $2.316 per gallon, followed by the Central Atlantic region at $2.197 per gallon.

The cheapest fuel can be found in the Gulf Coast region at $1.858 per gallon, followed by the Rocky Mountain region at $1.866 per gallon.

Prices in other regions, according to the DOE, are:

New England – $2.183
Lower Atlantic – $1.947
Midwest – $1.908
West Coast less California – $2.043
ProMiles’ numbers have the average price of a gallon of on-highway diesel at $1.924 per gallon nationwide.

According to ProMiles’ Fuel Surcharge Index, the most expensive diesel can be found in California at $2.275 per gallon, and the cheapest can be found in the Rocky Mountain region at $1.853 per gallon.
By Matt Cole ,February 16, 2016

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