According to today's USDA Grain Transportation Report, for the week ending February 13, the U.S. average price of diesel fell 9.5 cents to $4.444 per gallon.
This marked the first time the price fell below $4.50 since the week ending February 28, 2022 (when the price was $4.104).
According to the U.S. Energy Information Administration, the price for the week ending February 13 was 42.5 cents above the same time last year, but 24% lower than its peak in the week of June 20, 2022.
Broken down by region, the price of diesel fell since last week in all 10 regions, falling the most (12.1 cents) in the Lower Atlantic region and falling the least (3.7 cents) in California.
Down 10.4 cents since last week, the diesel price for the Midwest is 26% lower than its peak in June, but up 39 cents from the same week last year.