Diesel Drops Further
Diesel continues to slip for the second week in a row and is down 11% from last year. But we still have a long way to go in matching the drop in crude prices
Key Observations
- The national retail price dropped another 4.5 cents per gallon last week. This is second week in a row it has decreased. It's now down over 10 cents a gallon since April 7.
- The annualized average price dropped a penny to $3.62/gallon. That is 14 cents lower than the annualized average for 2024.
- Prices are down 46 cents a gallon from the same period last year. That's a 11.5% drop which sounds like a lot, but not when you consider crude oil prices have dropped over 24% in that same period.
Regional Trends
| Region | This Week | Weekly Change |
|---|---|---|
| 🗽 East Coast | $3.614 | -$0.046 |
| 🌾 Midwest | $3.475 | -$0.035 |
| 🌞 Gulf Coast | $3.195 | -$0.072 |
| 🏔️ Rocky Mountain | $3.477 | -$0.003 |
| 🌅 West Coast (not CA) | $3.813 | -$0.020 |
| 🏄♀️ California | $4.755 | -$0.042 |
Key Regional Observations
- The Gulf Coast saw the biggest drop. Prices are now down over 14 cents a gallon since April 7 in that region.
- Rocky Mountain has had very little movement. Prices there are down only 2 cents a gallon over the past two weeks.
For Premium Members, check our latest report on where diesel prices are headed for the rest of 2025.
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