Diesel prices across the United States fell 2.8 cents in the ending Oct. 10, dropping down to under $4 per gallon in all regions for the first time in six weeks as crude oil prices crept upward.
Average U.S. diesel prices have fallen 14.8 cents over the last five weeks to $3.721 per gallon. That’s up 65.5 cents year-over-year but down 40.3 cents from the 2011 high, the U.S. Energy Information Administration said.
By the Numbers: U.S. Diesel Prices
Diesel prices in California fell below $4 per gallon for the first time in six weeks to $3.977 per gallon. The Gulf Coast has the lowest diesel prices at $3.651 per gallon thanks to a 4.2 cent decrease.
The average U.S. price has dropped 9.7 percent since reaching its high point during this year during the week of May 2 at $4.124 a gallon.
Crude oil prices for November delivery rose by 0.5 percent to $85.81 a barrel on the New York Mercantile Exchange. Oil prices rose for the fifth day on hopes of Europe solving its debt crisis and the release of data showing the U.S. economy is healthier than expected.