The average price for a gallon of diesel nationwide fell by 1.1 cents for the week ending August 26, to stand at $2.983 according to the U.S. Energy Information Administration (EIA). This follows a pattern of small but consistent drops that’s been going on since mid-May. Those pennies are adding up. Drivers are now saving almost a quarter on every gallon they buy compared to a year ago.
The slight improvement was felt across the country, with the one exception being California, which ever so slightly widened its already wide claim on the highest diesel prices in the nation. While prices fell everywhere else, if only by les than two cents, they stood still in California, at $3.887. On the rest of the West Coast, diesel fell by 1.9 cents, to $3.139. That brought the West Coast overall to $3.556.
The improvement was barely perceptible in the Rocky Mountain region. Diesel fell by 0.3 cents to stand at $2.936. But that’s nothing for the folks in the Rocky Mountains to come down from their high about. Diesel is currently 42.8 cents cheaper there than it was this time last year, the best comparison in the country.
Things are looking good in the Gulf Coast, as well, where diesel fell another 0.7 cents to drop prices there to a nation-low $2.744. The Midwest has nothing to grouse about, either. Diesel fell a full penny and is now at $2.890.
All three regions of the East Coast saw similar improvements. In the Lower Atlantic, diesel fell 1.8 cents, to $2.874; while in New England it fell 1.7 cents, to $3.031. In between, in the Central Atlantic, it fell by 1.3 cents, to $3.186, for an East Coast average drop of 1.6 cents, to $3.003.
On Monday, Brent crude, the global benchmark, fell 50 cents, or 0.84%, to settle at $58.84 a barrel. U.S.-based West Texas Intermediate crude dropped 37 cents, or 0.68%, to settle at $53.80 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.