The average price for a gallon of diesel nationwide fell by 0.1 cent for the week ending July 1, to currently stand at $3.042 per gallon, according to the U.S. Energy Information Administration (EIA).
The lack of movement in diesel prices was widespread, with changes of less than a penny in all but two regions of the country. One of those exceptions was the Rocky Mountain region, where diesel prices fell 3.2 cents to stand at $2.998, one of four regions where diesel is now averaging less than $3 per gallon.
Most other regions saw price drops, as well, although they were of little significance. In the Midwest, a drop of two-tenths of a cent left diesel at $2.924, while on the West Coast, California saw a half-cent drop, $3.963. The rest of the West Coast experienced a one-tenth of a cent drop, to $3.205, which brought the overall West Coast average down to $3.628, a three-tenths of a cent drop.
Over on the East Coast, New England and the Lower Atlantic regions saw prices fall one-tenth and one-half of a cent, respectively. But the Central Atlantic was one of only two places where diesel actually rose, by a whopping 1.2 cents, bringing diesel there to $3.270. That was enough to raise the overall East Coast average by a tenth of a cent, to finish the week at $3.08 per gallon.
The Gulf region was the other region that experienced a price increase this week. Prices there climbed six-tenths of a cent to a national low of $2.803 per gallon.
On Monday, Brent crude, the global benchmark, rose 32 cents to settle at $66.75 a barrel. U.S.-based West Texas Intermediate crude rose 23 cents to settle at $50.09 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.