Diesel Drops Further
Another 4-cent drop in diesel prices last week continues a deepening trend of decreases.
National Observations
- The national average diesel price dropped another 4.5 cents a gallon last week. Prices are down over 13 cents a gallon the last three weeks.
- The steep drop now puts the current price below the year-to-date average. The last time this happened was mid-June during the last period of easing prices.
Regional Trends
| Region | Last Week | Weekly Change | |
|---|---|---|---|
| 🗽 East Coast | $3.675 | -$0.046 | |
| 🌾 Midwest | $3.564 | -$0.042 | |
| 🌞 Gulf Coast | $3.256 | -$0.043 | |
| 🏔️ Rocky Mountain | $3.585 | -$0.073 | |
| 🌅 West Coast (not CA) | $4.008 | -$0.044 | |
| 🏄♀️ California | $4.898 | -$0.042 |
Regional Observations
- The standout region last week was Rocky Mountain. Diesel prices dropped a whopping 7.3 cents a gallon in the mountain states.
- All other regions saw decreases of between 4.2 and 4.6 cents a gallon. The broadness of the decreases indicates a widening weakness in wholesale diesel prices across all markets.
Comments ()