May 28, 2024 5:06 PM, EDT

Diesel Price Slips 3.1¢ to Settle at $3.758

Trucking’s Main Fuel Is at Its Lowest Cost Since January 2022

The only average price increase for a gallon of diesel in EIA's 10 regions was less than a cent in the Central Atlantic. (Rogelio V. Solis/Associated Press)

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The national average diesel price dropped 3.1 cents to reach $3.758, its lowest point in more than two years, according to Energy Information Administration data on May 27.

Highlights

The average diesel price hasn’t been this low since a gallon cost $3.725 on Jan. 17, 2022.
The average price for a gallon of diesel has shed 30.3 cents since it cost $4.061 on April 8.
A gallon of diesel on average costs 9.7 cents less than at this time in 2023.
Diesel’s average price declined in nine of the 10 region’s in EIA’s weekly survey, the exception being a bump up of nine-tenths of a cent in the Central Atlantic. California had the biggest drop at 6.4 cents to fall below $5 a gallon at $4.985.
The needle barely moved on the price of gasoline, nudging down seven-tenths of a cent to $3.577 a gallon. That's sixth-tenths of a cent more than at this time a year ago.