Diesel dips below $2.50 per gallon

Diesel dips below $2.50 per gallon

After starting the month with the first increase since May, diesel prices have returned to their decreasing ways, falling below $2.50 per gallon for the first time in six years.

The average U.S. retail pump price for diesel was down 2.4 cents in the Sept. 21 report by the Energy Information Administration (EIA), to $2.493 per gallon. That’s running at fuel price levels last seen in 2009 and it’s about $1.29 per gallon cheaper than this time last year.

Every region reported a decline. The largest was 4 cents in New England, bringing the price of gallon to $2.613. The Central Atlantic region saw the price slide 3.2 cents to $2.662.

The Rocky Mountain region also posted a 3.2 cent drop, to $2.522. The price was down 2.2 cents in the Midwest, coming in at $2.447.

The Gulf Coast was down 2.2 cents to $2.34, the lowest price for a gallon of diesel in the nation.

On the West Coast, not including California, diesel prices fell 2.1 cents to $2.55. In California, which has the highest price in the contiguous 48 states at $2.848 per gallon, the price slipped 1.5 cents.

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