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Saturday, September 24, 2022

Diesel prices slide for second consecutive week

Diesel prices slide for second consecutive week

The average price of a gallon of on-highway diesel went down 1.2 cents to $2.583 per gallon for the week ending Monday, May 1. This marks the second consecutive decrease after three straight weeks of increases.

Diesel price averages went down in 8 of 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 Gulf Coast region, where prices at the pump went down by 2.3 cents per gallon. Prices increased by four-tenths of a cent in the Rocky Mountain region, the largest increase in the nation.

Following are the average prices by region as reported by the EIA:
• U.S. – $2.583, down 1.2 cents
• East Coast – $2.624, down eight-tenths of a cent
• New England – $2.653, up three-tenths of a cent
• Central Atlantic – $2.773,  down 1.2 cents
• Lower Atlantic – $2.513, down seven-tenths of a cent
• Midwest – $2.516, down 1.4 cents
• Gulf Coast – $2.435, down 2.3 cents
• Rocky Mountain – $2.666, up four-tenths of a cent
• West Coast – $2.864, down 1.1 cents
• West Coast less California – $2.775, down 1.1 cents
• California – $2.937, down 1 cent