April 22, 2024 5:26 PM, EDT

Diesel Price Dips Back Below $4 at $3.992 a Gallon

Current Average Cost Marks Just the Second Time in Past 11 Weeks It Reaches That Level

California, at 28.4 cents, is the only one of the 10 region's in EIA's weekly survey where the price of a gallon of diesel fuel costs more than it did at this time in 2023. (Daniel Acker/Bloomberg News)

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The national average diesel price dipped 2.3 cents to edge below $4 a gallon, according to Energy Information Administration data released April 22.

Highlights

The current price of $3.992 marks the first time trucking’s main fuel has cost less than $4 since April 1.
A gallon of diesel on average costs 8.5 cents less than it did at this time in 2023.
Diesel’s average price went down in eight of the 10 regions in EIA’s weekly survey and up in two. The largest decrease was 7.3 cents in the Rocky Mountain region; the biggest gain was 1.5 cents in New England.
California, at 28.4 cents more expensive, is the only region in which a gallon of diesel costs more than at this time a year ago.
Meanwhile, gasoline rose 4 cents a gallon on a average to reach $3.668. That's 1.2 cents more than at this time in 2023.