LITTLE ROCK, Ark. — The average price for a gallon of diesel fuel is the lowest it’s been since this time last year.
According to the Energy Information Administration (EIA), as of Feb. 20, the national average for diesel sits at $4.376, down from $4.444 on Feb. 13 and $4.539 on Feb. 6.
EIA statistics show that prices haven’t been this low since Feb. 28, 2022, when the national average rang in at $4.104.
Prices for diesel along the West Coast, which are traditionally the highest due to stricter environmental regulations, have dipped below $5 per gallon on average for the first time since Feb. 28, 2022.
As of Feb. 20, the average price sat at $4.972 per gallon.
The Trucker News Staff produces engaging content for not only TheTrucker.com, but also The Trucker Newspaper, which has been serving the trucking industry for more than 30 years. With a focus on drivers, the Trucker News Staff aims to provide relevant, objective content pertaining to the trucking segment of the transportation industry. The Trucker News Staff is based in Little Rock, Arkansas.
LMAO Yeah let’s all celebrate. Meanwhile rates are at the lowest I have seen in 27 YEARS. Only a matter of time until companies start going bankrupt and worse truck and trailer financing meaning banking. But hey stand with Ukraine! Orange man bad! Climate change!!! Make no mistake we are in a recession if not depression right now. Hold on folks. It’s going to get much worse and without fixing our elections there isn’t anything short of revolution now that will fix it. 2024 isn’t the answer. Will just be a repeat of 2020 & 2022. Yeah you’ll own nothing and be happy alright.