The average price for a gallon of diesel nationwide slipped 1.9 cents for the week ending October 7 to stand at $3.047, according to the U.S. Energy Information Administration (EIA).
It’s the second week in a row diesel has dropped by less than two cents following a two-week spike in September that sent the national average price above $3 a gallon.
Even so, after a summer of slow, steady decline, diesel is currently 33.8 cents less than it was last year at this time.
Every region in the country enjoyed a slight drop in the price of diesel, with the one exception being California, where diesel rose by 0.5 cents, to $3.98, far and away the highest prices in the country. The rest of the West Coast saw a tiny price decrease of 0.3 cents, to finish the week at $3.215, bringing the overall West Coast average to $3.642 per gallon, 22.4 cents below this time last year.
The East Coast fared much better this week, with an overall average price decrease of 2.4 cents, to an average price of $3.041 per gallon. The Lower Atlantic led the way with decline of 3.3 cents, the largest in any region over the past week. Diesel now stands at $2.915 there. In the Central Atlantic, diesel is now going for $3.224 following a decrease of 0.9 cents. In New England, prices fell 1.4 cents, to stand at $3.047.
Between coast, the Midwest saw a 2-cent drop, to end the week at $2.967 a gallon, while the Gulf Coast did slightly better with a 2.3 cent drop, to stand at $2.804. Meanwhile in the Rocky Mountain region, diesel fell by a penny to finish at $3.022
On Monday, Brent crude, the global benchmark, rose $0.09, or 0.15%, to stand at $58.46 a barrel. U.S.-based West Texas Intermediate crude was also up, $0.12, or 0.23%, to $54.30 a barrel.
Click here for a complete list of average prices by region for the past three weeks.
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.
