Significant Drop in Diesel Prices

Significant Drop in Diesel Prices

Significant Drop in Diesel Prices Diesel prices dropped by an average of 5.5 cents across the United States last week, the largest week-to-week drop since October 22, 2012 to October 29, 2012 when prices dropped more than eight cents. The average is now $3.887 down from $3.942 last week according to the U.S. Energy Information Administration.

The drops from last week to this week in all regions in the United States range from sizable to nearly staggering with the biggest decrease coming in the West Coast (less California) which dropped from $3.97 last week to $3.885 this week, right around the national average. The highest price in the country remains in California at $4.079, but to put the quick decrease in perspective, just over a month ago (week of March 11), the national average was $4.088.

The least expensive diesel prices are in the Gulf Coast at $3.802 down from $3.852 last week. We’ve seen a drop in diesel prices of nearly 29 cents in the last two months in the Gulf Coast alone. The Rocky Mountain region remains the second least expensive diesel price at $3.846 per gallon, down from $3.882 last week, which also represents the smallest decline in prices across the country.

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Posted in: Diesel Prices

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