U.S. Diesel Prices Fall for Fifth Straight Week

U.S. Diesel Prices Fall for Fifth Straight Week

The run of weeks with diesel prices dropping in the United States is now up to five, according to the U.S. Energy Information Administration (EIA). It’s the second time in 2014 that diesel prices have fallen for five consecutive weeks. Prices have not fallen in the United States for six consecutive weeks all year. This week’s drop was by less than a cent, falling from $3.925 to $3.918. All region but one saw prices drop and the dissenting region simply saw no change.

East Coast
After reaching as high as $4.16 earlier in the year, diesel prices dropped in the East Coast for the sixth straight week and are now down to $4.01. The last time prices on the East Coast were below $4 per gallon was in late January.

New England
It’s been more than three months since diesel prices last went up in New England. After reaching as high as $4.39 per gallon, diesel prices have dropped for 13 consecutive weeks in New England. While the price remains the highest in the United States at $4.124, the steady decline is bring prices down to more normal levels after their spike this winter.

Central Atlantic
The second highest diesel prices remain in the Central Atlantic region, though prices dropped in this region for the 14th consecutive week. Prices in the Central Atlantic are now down from $4.13 to $4.12.

Lower Atlantic
The third lowest diesel prices in the United States remain in the Lower Atlantic where prices fell from $3.916 to $3.91 this week.

Midwest
The second lowest diesel prices in the country are in the United States where prices fell this week to $3.88 from $3.87. It’s the fifth straight week that diesel prices have fallen in the Midwest.

Gulf Coast
For the 62nd straight week, the lowest diesel prices in the United States are in the Gulf Coast. This was the one region that didn’t change at all, with prices remaining steady at $3.78.

Rocky Mountain
For the fifth straight week, diesel prices in the Rocky Mountain region dropped. This week, prices fell by a full cent from $3.95 to $3.94.

West Coast
Diesel prices have held pretty steady on the West Coast, though this week’s average West Coast price of $4.021 is the lowest the region has seen since mid-April.

West Coast less California
Diesel prices in the West Coast without California dropped a bit, from $3.929 to $3.923. Prices have been steady here throughout the year.

California
This week marks the fifth consecutive week diesel prices in California have fallen. This week’s drop is from $4.109 to $4.103

In order for diesel prices to reach the projected average of $3.87 per gallon, prices in the United States as a whole would need to average a bit under $3.81 the remainder of the year.

U.S. Diesel Prices, Week of 6/2/2014

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Posted in: Diesel, Diesel Prices, Trucking News

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