The average diesel pump price in the U.S. hit a five-year low this week, according to data tracked by the Energy Information Administration (EIA).
The national average for diesel dropped 4 cents to $2.784 per gallon, the agency noted, which is $1.175 per gallon cheaper compared to the same week in 2014. The price has fallen 16 cents over the past four weeks.
The last time diesel prices were this low was February 2010.
Diesel prices declined in every region of the country, EIA added, with only four areas sporting prices above the $3-per-gallon mark:
- New England at $3.114 per gallon, down 5 cents from last week;
- The Central Atlantic at $3.112, down 5.7 cents (which is also the biggest regional drop for diesel prices this week);
- California at $3.061, down 3.5 cents.
The lowest regional price continue to be the Gulf Coast, at $2.643.