Diesel Continues Drop
Diesel dropped another 5 cents a gallon last week. We are now down to prices last seen mid-June.
National Observations
- Nationally, fuel costs continued dropping last week. The average price of $3.665/gallon was 4.6 cents/gallon lower than the previous week.
- Prices have dropped almost 9 cents a gallon over the last two weeks. The last time diesel was under $3.70/gallon was all the way back in June.
Regional Trends
| Region | Last Week | Weekly Change | |
|---|---|---|---|
| 🗽 East Coast | $3.721 | -$0.014 | |
| 🌾 Midwest | $3.606 | -$0.064 | |
| 🌞 Gulf Coast | $3.299 | -$0.065 | |
| 🏔️ Rocky Mountain | $3.658 | -$0.013 | |
| 🌅 West Coast (not CA) | $4.052 | -$0.038 | |
| 🏄♀️ California | $4.940 | -$0.031 |
Regional Observations
- The two biggest down moves last week were in the Midwest and on the Gulf Coast. Diesel dropped 6.4 cents and 6.5 cents a gallon respectively in the two key trucking regions.
- Drops were more tepid on the East Coast and in the Rocky Mountain area. They saw decreases of 1.4 cents and 1.3 cents a gallon respectively.
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