June 17, 2024 4:58 PM, EDT

Diesel Price Climbs to $3.735 After First Gain in 10 Weeks

Last Increase for Trucking's Main Fuel Came on April 8

The only region in EIA's weekly survey that saw the average price of diesel drop was the Midwest, at just one-tenth of a cent. (wlfella/Getty Images)

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The national average diesel price reversed course and swung up 7.7 cents to $3.735, ending a run of nine consecutive declines, according to Energy Information Administration data released June 17.

Highlights

The average price for a gallon of diesel had fallen 40.3 cents since April 8, when a 6.5-cent hike boosted the price to $4.061.
The price jump is the biggest since Feb. 12, when a 21-cent spike took the average price for a gallon of diesel to $4.109 from $3.899.
A gallon of diesel costs 8 cents less on average than it did at this time in 2023.
The average price for a gallon of diesel climbed in nine of the 10 regions in EIA’s weekly survey, with the exception being a dip of one-tenth of a cent in New England. The biggest gain — 10.9 cents — came in the Midwest.
The national average price for a gallon of gasoline increased, too, albeit by just six-tenths of a cent to $3.435. That's 14.2 cents less than it cost ta this time a year ago.