Average Diesel Price Declines for 10th Straight Week
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The U.S. national average diesel price dropped for the 10th straight week, 2.9 cents to $3.526 per gallon, according to U.S. Energy Information Administration data released Sept. 16. This brings the cumulative decline since July 8 to 33.9 cents, signaling a consistent downward trend in fuel prices during the past two months.
Year Over Year
The national average price is $1.107 lower than the same week last year, highlighting significant price relief for the trucking industry compared with 2023. Diesel prices have significantly eased across the country; the West Coast and Rocky Mountain regions have seen the most dramatic drops, with decreases of $1.451 and $1.276, respectively.
The Gulf Coast and Midwest also reported notable reductions of $1.18 and $1.011, respectively. On the East Coast, prices fell by 95.2 cents.
U.S. On-Highway Diesel Fuel Prices
U.S. Energy Information Administration
Gasoline Update
The national average price for a gallon of gasoline declined 5.6 cents to $3.18 a gallon. That's 69.8 cents less than it cost at this time in 2023. The biggest fall-off, 9.3 cents. came in the Midwest.
Regional Analysis
East Coast (PADD 1): Diesel prices in the East Coast region fell by 3.4 cents to $3.585 per gallon, with the sharpest decline seen in New England, where prices dropped by 5.3 cents. The Central Atlantic region saw a 3.7-cent reduction, while the Lower Atlantic region’s prices decreased by 2.9 cents.
New England (PADD 1A): Diesel prices dropped by 5.3 cents to $3.818, which was the largest weekly decline across the subregions this week. This brings New England’s prices down by 76.9 cents year over year.
Central Atlantic (PADD 1B): Prices dipped 3.7 cents to $3.810, marking a nearly 94-cent decrease compared with last year.
Lower Atlantic (PADD 1C): Diesel in the Lower Atlantic subregion saw a 2.9-cent decline, bringing prices to $3.479 and reflecting a 97.7-cent year-over-year reduction.
Midwest (PADD 2): Diesel prices in the Midwest decreased by 4.7 cents to $3.481 per gallon. Prices in this region have dropped 19.3 cents since Aug. 19 and are down $1.011 compared with the same week in 2023.
PADD — Petroleum Administration for Defense Districts. U.S. Energy Information Administration
Gulf Coast (PADD 3): The Gulf Coast, which typically boasts the lowest diesel prices due to its proximity to major refineries, experienced a relatively small 1.8-cent decline this week, bringing the average to $3.172 per gallon. This represents a significant $1.18 decrease year over year.
Rocky Mountain (PADD 4): The Rocky Mountain region was the only one to see a price increase, with a 2.1-cent uptick to $3.588 per gallon. Despite this rise, prices remain $1.276 lower compared with last year.
West Coast (PADD 5): Diesel prices in the West Coast region decreased by 1.3 cents to $4.244, marking the smallest weekly decline among regions. California, which consistently has the highest diesel prices in the U.S., saw a modest drop of just 0.6 cents to $4.733. Year over year, the West Coast region saw the most substantial drop in prices, with a $1.451 decrease.
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