Diesel Prices Ease
Pump prices were down all over the country last week, but still at the highest level in 10 months.
National Observations
- Diesel costs dipped around 5 cents a gallon last week as Middle East tensions dissipated. The average price of $3.727 was still the highest it has been in over 10 months.
- Assuming unrest does not reappear, diesel is expected to come down further. Crude oil prices should stay under $70/barrel for the foreseeable future.
Regional Trends
| Region | Last Week | Weekly Change | |
|---|---|---|---|
| 🗽 East Coast | $3.775 | -$0.015 | |
| 🌾 Midwest | $3.715 | -$0.062 | |
| 🌞 Gulf Coast | $3.369 | -$0.067 | |
| 🏔️ Rocky Mountain | $3.659 | -$0.03 | |
| 🌅 West Coast (not CA) | $4.035 | -$0.047 | |
| 🏄♀️ California | $4.866 | -$0.027 |
Regional Observations
- The two biggest downward moves were in the Midwest and Gulf Coast. Prices dropped over 6 cents/gallon in both those regions.
- Smallest change was on the East Coast. Prices were only down a penny and a half in the east.
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