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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