The average price of diesel in the U.S. has dropped below $3 per gallon for the first time in more than four years.

According to data from the U.S. Energy Information Administration, the average on-highway diesel price was down to $2.933 per gallon as of Monday. That’s $0.94 (or 24%) lower than it was at this time last year.

The price of diesel in the U.S. has been on a steady decline since March 10 of last year, when it peaked at $4.021 per gallon.

The national average for diesel was last below $3 per gallon in September 2010.

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Thomas McMahon

Thomas McMahon

Executive Editor

Thomas had covered the pupil transportation industry with School Bus Fleet since 2002. When he's not writing articles about yellow buses, he enjoys running long distances and making a joyful noise with his guitar.

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