Diesel Resumes Its Rise
Fuel costs are rising again and may keep increasing depending on changes in interest rates in the coming weeks.
National Observations
- National diesel prices were up almost 3 cents a gallon last week. The uptick comes after five weeks of price declines.
- Further increases are possible in the coming weeks in response to the Fed's decision on interest rates. A rate cut would lead to increased economic activity and increased diesel demand, driving up the price.
Regional Trends
| Region | Last Week | Weekly Change | |
|---|---|---|---|
| 🗽 East Coast | $3.750 | +$0.024 | |
| 🌾 Midwest | $3.722 | +$0.024 | |
| 🌞 Gulf Coast | $3.367 | +$0.039 | |
| 🏔️ Rocky Mountain | $3.753 | +$0.005 | |
| 🌅 West Coast (not CA) | $4.112 | +$0.009 | |
| 🏄♀️ California | $4.914 | +$0.041 |
Regional Observations
- The biggest increases regionally were in California and on the Gulf Coast. Average prices were up around 4 cents a gallon in both areas.
- The Rocky Mountain region saw the least movement, rising just 0.5 cents/gallon. It is now much closer to East Coast pricing which averaged 3.750/gallon last week.
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