After a small blip in early May, diesel prices have continued their descent that began in early March when prices were an average of $4.159 across the United States. That number has fallen all the way to $3.817 according to the U.S. Energy Information Administration. Last week, the average diesel price was $3.838 in the United States. While prices are declining steadily, they’re still nearly 17 cents more expensive than at this time last year.
After featuring the lowest prices in the country for nearly three months, the Gulf Coast region is now a close second to the Lower Atlantic where prices dropped to $3.731 down from $3.758 last week. The Gulf Coast’s prices are still second lowest at $3.734, down from $3.74 last week.
The only diesel prices in the country above $4 belong to the state of California where prices are working their way down, but still remain above the threshold at $4.015, which is down two full cents from last week. Outside of California, the highest prices belong to the New England area at $3.971 down from $3.984 last week.
It’s been almost a full year since average diesel prices in the United States dropped below $3.80, which happened last July 30 with prices at $3.796. Prices could dip below that point as soon as next week if trends continue.
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