Diesel Prices Decreased Over Last Three Weeks

While diesel prices remain stubbornly high, they have fallen slightly over the past few weeks, giving the trucking industry a mild reprieve. 

The national average is currently $5.675 a gallon for the week ending July 4, a nearly 11-cent decrease from the week prior, according to the Energy Information Administration (EIA). The agency posted the results July 7 following a multi-week absence, owing to technical issues. The administration says the issues have been fixed and data will resume publishing on a normal schedule. 

Diesel prices reached their peak for the week ending June 20, when the average reached $5.810 per gallon, before dropping slightly to $5.783 for the week ending June 27, EIA records show. 

Every region across the country saw a decrease in prices during the most recent week, with the Midwest dropping 12 cents for an average price per gallon of $5.647. The Gulf Coast dropped a bit over 11 cents for an average of $5.330 per gallon. 

After falling almost 11 cents, the East Coast’s average price per gallon is $5.713, while the West Coast dropped around 9 cents to sit at $6.389 per gallon. 

The Rocky Mountain region saw the smallest decrease; barely 4 cents for an average price per gallon of $5.732. 

California continues to have the highest diesel prices in the country, with each gallon costing $6.779, although that is an 8-cent decrease from the week prior. 

As a whole, the average price of diesel is $2.344 higher than it was a year ago.