Diesel prices across the Unites States fell 6.2 cents in the week ending Aug. 15, hitting their lowest price in 24 weeks as crude oil prices around the world fell.
The national average price dropped to $3.835 a gallon, up 85.6 cents from the same period a year ago but 28.9 cents lower than the 2011 high set in early May, the U.S Energy Information Administration said. The West Coast saw the largest decline in diesel prices, down 8.6 cents to $3.864 per gallon.
By the Numbers: U.S. Diesel Prices
The Gulf Coast had the lowest diesel prices at $3.806 a gallon thanks to a 6.2-cent decrease. The East Coast’s New England subsection was the only region to hit the $4 a gallon marker.
The average price has fallen 28.9 cents, or 7 percent, since reaching its high point this year during the week of May 2 at $4.124 a gallon.
Crude oil for September delivery fell as much as 1.27 cents to $86.61 per barrel by the end of trading Monday on the New York Mercantile Exchange. Crude oil prices ended a one-week high as investors bet the U.S. economy would slow.