The average price for a gallon of diesel nationwide didn’t budge for the week ending January 28, holding at $2.965, according to the U.S. Energy Information Administration (EIA).
That price is 10.5 cents below what it was one year ago.
Broken down by region most of the nation saw a tiny drop in the price of diesel. The only exceptions were in the Central Atlantic, where the price rose $0.022, to finish at $3.237, and the Lower Atlantic, where the price rose $0.009, to $2.893. Combined with a drop of $0.003 in New England, the East Coast overall saw a net gain of $0.013, to $3.05 per gallon.
All other regions posted a decline over the past week, albeit very small declines. In the Gulf Coast and Midwest regions, where diesel prices are lowest, the price only dropped one-tenth of a cent. The price for a gallon of diesel in the Gulf Coast stands at $2.789. while in the Midwest, it is $2.806.
Diesel is 22.4 cents below what it was a year ago in the Midwest, by far the sharpest decline of any region. The next closest is the Gulf Coast with a year-to-year drop of 7.9 cents.
The Rocky Mountain region saw the largest drop in diesel over the past week, $0.033, to $2.911.
On the West Coast, the price dropped $0.015 overall, with a drop of $0.013 in California, where the price for a gallon of diesel stands at $3.726. California and New England remain the only two individual regions where diesel is more expensive than it was a year ago.
On Monday, Brent crude, the international benchmark for oil, fell $1.67, or 2.71 percent, to $59.92 a barrel. U.S. crude ended Monday’s session down $1.47, or 2.74 percent, at $52.22.
Click here for a complete list of average prices by region for the past three weeks.
The Trucker News Staff produces engaging content for not only TheTrucker.com, but also The Trucker Newspaper, which has been serving the trucking industry for more than 30 years. With a focus on drivers, the Trucker News Staff aims to provide relevant, objective content pertaining to the trucking segment of the transportation industry. The Trucker News Staff is based in Little Rock, Arkansas.