Diesel Price Drops 3.7¢ to $3.536 a Gallon
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Diesel prices across the U.S. averaged $3.536 per gallon, marking a 3.7-cent decline, according to U.S. Energy Information Administration data released Nov. 4. This drop follows a 2-cent increase, signaling fluctuating price movements as the market adjusts to changes in fuel demand and refining activity.
Year-Over-Year Comparison
The national average is 83 cents lower than this time in 2023. However, regional variations remain prominent, with price movements diverging across PADD regions.
U.S. On-Highway Diesel Fuel Prices
U.S. Energy Information Administration
Regional Analysis
East Coast (PADD 1): Diesel prices on the East Coast edged down by 1.5 cents to $3.590 per gallon. All three subregions showed slight declines:
• New England (PADD 1A): Prices held steady at $3.753 per gallon, consistent with the previous week, and are 77 cents lower than last year.
• Central Atlantic (PADD 1B): Diesel prices in the Central Atlantic declined 1.2 cents, settling at $3.792, marking a year-over-year decrease of 79.6 cents.
• Lower Atlantic (PADD 1C): A 1.6-cent decrease brought diesel prices to $3.50 in the Lower Atlantic. It continues to track well below last year’s level with a 66.3-cent reduction.
Midwest (PADD 2): The Midwest saw a more significant price decline this week, with diesel falling 5.2 cents to $3.517 per gallon. Year-over-year, prices in the region are down 81.7 cents.
Gulf Coast (PADD 3): The Gulf Coast, which maintains the lowest prices among all regions, saw a 4.6-cent reduction this week, bringing the average to $3.184 per gallon. Diesel prices in the regoion are 84.8 cents below the same period last year, reflecting competitive pricing in the U.S.’s largest refining area.
PADD — Petroleum Administration for Defense Districts. U.S. Energy Information Administration
Rocky Mountain (PADD 4): Diesel prices in the Rocky Mountain region dropped 7.2 cents to $3.583 per gallon, the largest decrease across all regions. Year over year, this region has recorded a 90.6-cent decline, with current prices continuing to trend lower after a period of relative stability.
West Coast (PADD 5): The West Coast maintained its status as the highest-priced region for diesel, despite a modest 1.6-cent decrease to $4.19 per gallon. Subregional details are as follows:
• West Coast less California: Prices fell by 2.8 cents to $3.763, down $1.006 from a year ago.
• California: The average diesel price in California saw a dip of one-tenth of a cent, landing at $4.681 per gallon and representing a $1.135 drop from 2023.
Gasoline Update
The national average price for a gallon of gasoline dropped 2.8 cents to $3.069. That marks a 32.7-cent decrease from this time a year ago.
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