LITTLE ROCK, Ark. — Average U.S. diesel prices showed downward movement across the nation leading up to the July 4 holiday, according to the latest statistics from the Energy Information Administration (EIA).
As of July 3, the average cost per gallon for diesel was $3.767, down from $3.801 per gallon on June 26 and $3.815 on June 19. The July 3 rate marks the lowest diesel prices have been, on average, since Jan. 17, 2022.
The only place with increases was California, which saw average prices rise from $4.751 on June 26 to $4.762 on July 3, according to the EIA.
The lowest prices can be found along the Gulf Coast at $3.468 per gallon.
Some economists are pointing to China’s sagging economy — they are using much less oil than predicted — as a reason for lower prices at the pump.
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.