Fuel Pricing Eases
Diesel prices took a steep drop in most parts of the country last week.
National Observations
- Diesel prices dropped an average of 4.3 cents a gallon nationally last week. This effectively reverses all of the price increases over the past three weeks.
- The current average of $3.711 is the lowest we have seen in over six weeks. More easing is expected in coming weeks as crude prices continue to lag in the low $60/barrel range.
Regional Trends
| Region | Last Week | Weekly Change | |
|---|---|---|---|
| 🗽 East Coast | $3.735 | -$0.015 | |
| 🌾 Midwest | $3.670 | -$0.061 | |
| 🌞 Gulf Coast | $3.364 | -$0.049 | |
| 🏔️ Rocky Mountain | $3.671 | -$0.061 | |
| 🌅 West Coast (not CA) | $4.090 | -$0.053 | |
| 🏄♀️ California | $4.971 | -$0.01 |
Regional Observations
- The largest moves regionally were in the Midwest and Rocky Mountain regions. Both saw 6.1 cent-per-gallon drops last week.
- California and the East Coast were both down slightly. Diesel was 1 to 1.5 cents lower per gallon respectively.
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