Diesel prices didn’t quite come to a standstill during the week ending September 2, but they sure seemed to have the holiday weekend spirit. The average price for a gallon of diesel nationwide fell by a measly 0.7 cents for the week to stand at $2.976 according to the U.S. Energy Information Administration (EIA). The steady decline since mid-May has diesel selling for a national average 27.6 cents less than it was a year ago.
There were places along both the East and West Coasts where the summer doldrums were absolute. Diesel prices were unchanged for the week in the Lower Atlantic region, which enjoys some of the lowest diesel prices in the country, at $2.874 per gallon. Elsewhere in the East Coast, diesel dropped by a scant 0.3 cents in New England, to $3.027, while in between the Central Atlantic region saw a drop of 0.8 cents, to bring average prices there to $3.178, for an overall average drop along the East Coast of 0.3 cents and an average price of exactly $3 per gallon.
There was even less movement on the West Coast. In California, dropped 0.2 cents, to $3.885, while the rest of the West Coast held steady at $3.139, setting the West Coast average overall to $3.555 per gallon.
On the “third coast,” the Gulf Coast region, diesel slipped down by 0.4 cents, to a national low $2.740. The biggest action, relatively speaking, was to be found inland. The Midwest saw the largest price drop for the week, 1.6 cents, to match the Lower Atlantic at $2.874. Meanwhile, prices in the Rocky Mountain region continued on the down slope, falling 1.2 cents to $2.924 per gallon, 44 cents less than this time last year.
On Wednesday morning, Brent crude, the global benchmark, started the day up $1.34, or 2.30%, to stand at $59.60 a barrel. U.S.-based West Texas Intermediate crude was also up, $1.54, or 2.86%, to $55.48 a barrel.
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.
