Diesel Price Sheds 7¢ to $3.555 a Gallon
[Stay on top of transportation news: Get TTNews in your inbox.]
The national average diesel price continued its downward trend, dropping 7 cents to $3.555 per gallon, according to U.S. Energy Information Administration data released Sept. 9.
Trucking’s main fuel has shed a cumulative 31 cents a gallon in the nine weeks since July 8.
Year Over Year
The current average is 98.5 cents lower compared with the same week in 2023. The most substantial decreases have come in the West Coast (PADD5) and Rocky Mountain (PADD4) regions at $1.278 and $1.243, respectively.
Gasoline Update
The national average price for a gallon of gasoline dropped 5.3 cents to $3.236. That’s 58.6 cents a gallon cheaper than at this time a year ago.
U.S. On-Highway Diesel Fuel Prices
U.S. Energy Information Administration
Regional Analysis
East Coast (PADD 1): Diesel prices in the region declined by an average of 6.7 cents this week to $3.619. New England (PADD 1A) dropped 4.8 cents, the Central Atlantic (PADD 1B) went down 6.1 cents, and the Lower Atlantic (PADD1C) showed the region’s biggest weekly decline at 7.2 cents.
Midwest (PADD 2): The Midwest saw the largest weekly price decline, 8.5 cents to $3.528. The drop can be attributed to reduced agricultural fuel demand and stable refinery output, which improved supply availability in the region.
Gulf Coast (PADD 3): Diesel prices along the Gulf Coast decreased 7.5 cents to $3.190, continuing its trend as the region with the lowest diesel prices. The region benefits from its proximity to major refining operations, helping to keep prices lower and driving this significant weekly decline.
PADD — Petroleum Administration for Defense Districts. U.S. Energy Information Administration
Rocky Mountain (PADD 4): Diesel prices in the Rocky Mountain region saw the smallest weekly decline at 2.3 cents to $3.567, reflecting more stable supply and less price volatility compared with other regions.
West Coast (PADD 5): Regional prices shed 3.6 cents a gallon on average to $4.257, marking a year-over-year decline of $1.278. The West Coast less California saw a 5.9-cent decrease and California, which by far has the highest diesel prices, ticked down 1 cent.
Looking Ahead
Tropical Storm Francine strengthened on Sept. 9 as it moved north in the Gulf of Mexico, prompting oil drillers to evacuate crews and halt some offshore crude production, according to Bloomberg News. Francine is projected to make landfall Sept. 11 landfall as a hurricane.
Want more news? Listen to today's daily briefing below or go here for more info:
