The average price for a gallon of diesel nationwide fell by 3.5 cents for the week ending June 17, to currently stand at $3.07 per gallon, according to the U.S. Energy Information Administration (EIA).
For the second week in a row, diesel prices fell in every region of the country, with California seeing the largest drop, 5.2 cents, to stand at $4.006 per gallon. This is in contrast to roughly a month ago, when California was seeing price increases while most of the rest of the nation was experiencing a drop in diesel prices.
Overall along the West Coast, diesel fell 4.9 cents this week, to $3.666. Not including California, diesel prices along the rest of the West Coast are down to $3.23 per gallon, down 23.5 cents from a year ago.
East Coast diesel prices didn’t drop quite as far. In New England, the price dropped 3.2 cents, to finish at $3.153 per gallon. The Central Atlantic region continues t have the highest prices on the East Coast, at $3.282 following a decrease of 2.6 cents. The Lower Atlantic saw a decrease of 2.5 cents. The price for a gallon of diesel there is currently $2.964, one of three regions where diesel has fallen below $3.
With a drop of 4.5 cents, the Midwest claims the second-lowest current price for a gallon of diesel, $2.957, well off the low-price leader, the Gulf Coast region, where diesel is now $2.820 after a drop of 2.3 cents.
The Rocky Mountain region also saw a sharp drop, 4.2 cents, to stand at $3.072, which is 26.7 cents lower than a year ago, the largest year-to-year drop.
On Monday, Brent crude, the global benchmark, rose 70 cents, or 1.13%, to settle at $62.01 a barrel. U.S.-based West Texas Intermediate crude rose 23 cents, or 0.44%, to settle at $52.51 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.