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Average US diesel prices decline for 7th straight week

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Average US diesel prices decline for 7th straight week
Diesel fuel prices continue a downward trend across the nation.

LITTLE ROCK, Ark. — Average diesel prices in the U.S. continue to drop, mostly due to sinking demand and lower oil prices, according to the Energy Information Administration (EIA).

According to the latest numbers, as of June 5, the average price sits at $3.797 per gallon, down from $3.855 per gallon on May 29 and $3.883 on May 22.

The highest prices are in California and along the West Coast, where prices it at $4.765 and $4.470, respectively.

Along the East Coast, the average price sits at $3.847 per gallon on average, according to the EIA, while the lowest prices in the nation are along the Gulf Coast at an average of $3.469 per gallon.

The second-lowest price can be found in the Midwest at $3.732, while in the Rocky Mountain region, truckers can expect to pay $4.044 per gallon on average, EIA numbers show.

Meanwhile, benchmark U.S. crude oil for July delivery fell 41 cents to $71.74 a barrel Tuesday. Brent crude for August delivery fell 42 cents to $76.29 a barrel.

 

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The Trucker News Staff

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.

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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.
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