U.S. fuel prices keep falling

Retail pump prices for diesel and gasoline continued to fall across the U.S. this week, according to data tracked by the Energy Information Administration (EIA), with gasoline prices in some regions of the country slipping under the $2 per gallon mark.

The national average retail pump price for diesel slipped 8.4 cents to $3.053 per gallon this week, EIA reported, which is 83.3 cents per gallon cheaper compared to the same week in 2014.

Diesel prices declined in all regions of the country, the agency said, with the Rocky Mountain area experiencing the largest one-week decrease: an 11.2 cent decline to $3.027 per gallon.

In two regions – the West Coast, with California excluded, and the Gulf Coast – diesel dipped below the $3 per gallon mark; falling 9.6 cents to $2.978 in the former and falling 8.1 cents to $2.964 in the latter, EIA noted.

The national average retail pump price for gasoline also continued to nosedive this week, according to agency figures, falling 7.5 cents to $2.139 per gallon, which is $1.188 per gallon cheaper compared to the same week in 2014.

In three regions of the country, gasoline officially dipped below the $2 per gallon mark. The Rocky Mountains, at $1.986 per gallon, also sported the largest one-week decrease in gasoline prices, EIA noted – a 12.8 cent dip.

The Gulf Coast, down 8.2 cents to $1.911, and the Midwest with a 2.4 cent decline to $1.95, rounded out the under-$2-per-gallon club this week, according to the agency’s data.