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Thursday, March 28, 2024

Diesel prices reach lowest price in a month

Diesel prices reach lowest price in a month

The average price of a gallon of on-highway diesel went down 1.8 cents to $2.565 per gallon for the week ending Monday, May 8. This marks the third consecutive decrease after three straight weeks of increases and lowest prices since April 3 when diesel was $2.556.

Diesel price averages went down in all 10 regions in the U.S., according to the Energy Information Administration, enough to drop the overall average. The largest average decrease was in the West Coast less California region, where prices at the pump went down by 2.8 cents per gallon. Prices decreased by six-tenths of a cent in the Lower Atlantic region, the smallest decrease in the nation.

Following are the average prices by region as reported by the EIA:
• U.S. – $2.565, down 1.8 cents
• East Coast – $2.612, down 1.2 cents
• New England – $2.642, down 1.1 cents
• Central Atlantic – $2.753,  down 2.0 cents
• Lower Atlantic – $2.507, down six-tenths of a cent
• Midwest – $2.497, down 1.9 cents
• Gulf Coast – $2.410, down 2.5 cents
• Rocky Mountain – $2.651, down 1.5 cents
• West Coast – $2.846, down 1.8 cents
• West Coast less California – $2.747, down 2.8 cents
• California – $2.927, down 1.0 cent