Diesel Decline Appears Long-Term
Diesel is down for four weeks in a row and shows no sign of going back up. A recent report from U.S. EIA predicts $62 oil for the rest of the year, followed by a drop to $59 in 2026.
National Observations
- National retail prices dropped last week for the fourth week in a row. The 1.7-cent drop to $3.497 continues a trend which began on April 7. Diesel is now down 14.2 cents since the most recent high point. The annualized average is now at $3.61.
- Don't expect any reversal in the trend for some time. The U.S. Energy Information Administration is now predicting crude oil prices to average $62/barrel the second half of 2025 and dropping to $59/barrel for 2026.
Regional Trends
| Region | This Week | Weekly Change |
|---|---|---|
| 🗽 East Coast | $3.567 | -$0.018 |
| 🌾 Midwest | $3.432 | -$0.024 |
| 🌞 Gulf Coast | $3.174 | -$0.009 |
| 🏔️ Rocky Mountain | $3.460 | -$0.01 |
| 🌅 West Coast (not CA) | $3.75 | -$0.027 |
| 🏄♀️ California | $4.728 | -$0.012 |
Regional Observations
- The biggest moves down were on the West Coast, not including California, and the Midwest. Both regions had drops of over 2 cents per gallon.
- The Rocky Mountain region continues to be the slowest mover. Prices in Rocky Mountain were around the same as the Midwest on April 21. They have shed only 1.7 cents since then, while the Midwest has seen a 4.3-cent drop.
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