The U.S. average diesel fuel price drops 8 cents in 10th week of decreases
March 16, 2020
•Land Line Staff
The average price for a gallon of diesel fuel across the U.S. dropped more than 8 cents per gallon from last Monday, according to a March 16 report from the U.S. Energy Information Administration
This is the 10th week of consecutive decreases. Weekly average diesel fuel prices for the U.S. have been dropping since Jan. 6.
Regional average diesel fuel price decreases ranged from 5.6 cents in the Central Atlantic to 9.8 cents in the Midwest.
The average per gallon price is below $3 in every region except the West Coast and California.
A year ago, the average U.S. price was 33.5 cents higher.
Average U.S. price for a gallon of diesel as reported by the EIA:
- U.S. – $2.733, down 8.1 cents.
- East Coast – $2.789, down 7.1 cents.
- New England – $2.918, down 7.2 cents.
- Central Atlantic – $2.989, down 5.6 cents.
- Lower Atlantic – $2.627, down 8.2 cents.
- Midwest – $2.591, down 9.8 cents.
- Gulf Coast – $2.504, down 7.3 cents.
- Rocky Mountain – $2.742, down 6.1 cents.
- West Coast – $3.322, down 7.7 cents.
- West Coast without California – $2.954, down 7.2 cents.
- California – $3.625, down 8 cents.
ProMiles.com reports the average price for diesel fuel in the U.S. dropped just under 5.9 cents on Monday, March 16, from the Monday before.
ProMiles, the software company that maintains the websites ProMiles.com and TruckMiles.com, offers its own weekly fuel price information. The company’s fuel price data are presented in the same format used by the EIA in the agency’s weekly reports. The prices include a national average as well as regional averages, and comparisons to the previous week and the previous year.
A key difference between the EIA and ProMiles reporting is the type and number of fueling stations the company surveys in order to calculate its averages. While EIA surveys 400 truck stops and convenience stores nationwide, ProMiles uses its direct feed from thousands of truck stops to develop its averages.
Price drops ranged from 4.1 cents per gallon in the Rocky Mountain region to 6.4 cents in the East Coast and Midwest.
Here are the average U.S. prices for a gallon of diesel reported for each region by ProMiles.com:
- U.S. – $2.655, down 5.9 cents.
- East Coast – $2.743, down 6.4 cents.
- New England – $2.919, 5.9 cents.
- Central Atlantic – $2.949, down 5.9 cents.
- Lower Atlantic – $2.606, down 6.4 cents.
- Midwest – $2.604, down 6.4 cents.
- Gulf Coast – $2.516, down 6 cents.
- Rocky Mountain – $2.718, down 4.1 cents.
- West Coast – $3.154, down 4.2 cents.
- West Coast less California – $2.898, down 6.2 cents.
- California – $3.517, down 4.8 cents.
AAA reported the retail average U.S. price per gallon of diesel at $2.741 for Monday, March 16.
A week previous the average retail U.S. price for a gallon of diesel fuel was $2.814 per gallon.
A month previous, AAA reported $2.911 per gallon of diesel, and a year ago $2.886 per gallon.
The highest recorded retail average U.S. diesel fuel price was $4.845 per gallon on July 17, 2008, according to AAA.
Check out last week’s report here.