LITTLE ROCK, Ark. — For nine weeks in a row, the average price for a gallon of diesel fuel in the U.S. has dropped.
According to the Energy Information Administration (EIA), the price fell to $3.658 as of June 10. That’s down from $3.726 on June 3 and $3.758 on May 27.
Prices are down all across the country.
The lowest price can be found along the Gulf Coast at $3.384 per gallon. The highest is in California at $4.911 per gallon on average.
Along the East Coast, drivers can expect to pay $3.789 per gallon.
According to the EIA, demand for distillate fuels, which are used in the trucking and home heating industries, has dropped to 3.67 million barrels a day due to sluggish manufacturing activity and a milder-than-expected winter.
There’s also plenty of renewable fuel supply, the EIA notes.
The two most immediate U.S. ultra-low sulfur diesel futures contracts settled in the steepest contango since 2020 on Friday, according to a Reuters report. A market is in contango when prices for commodities are lower now than for future deliveries.
Born in Pine Bluff, Arkansas, and raised in East Texas, John Worthen returned to his home state to attend college in 1998 and decided to make his life in The Natural State. Worthen is a 20-year veteran of the journalism industry and has covered just about every topic there is. He has a passion for writing and telling stories. He has worked as a beat reporter and bureau chief for a statewide newspaper and as managing editor of a regional newspaper in Arkansas. Additionally, Worthen has been a prolific freelance journalist for two decades, and has been published in several travel magazines and on travel websites.
