The latest data from the Energy Information Administration reveals that the national average diesel price has experienced its fifth consecutive decline, dropping by 6.3 cents to reach $4.146 per gallon as of November 27.

Highlights:

  1. Diesel prices have consistently decreased each week since a significant 10.1-cent increase on October 23.
  2. During this period, the cost of diesel, the primary fuel for the trucking industry, has seen a range of declines, from 9.1 cents on October 30 to the current 6.3 cents.
  3. In comparison to the same time in 2022, a gallon of diesel is now almost a dollar cheaper, with the current price reflecting a 99.5-cent reduction.
  4. The EIA’s weekly survey indicates that the average price of diesel has fallen in all 10 regions, with the Midwest experiencing the highest decrease of 9.2 cents per gallon, while the Central Atlantic region saw a more modest drop of four-tenths of a cent.
  5. Additionally, the price of gasoline has also decreased across all regions, with an average drop of 5.1 cents, bringing the cost down to $3.238 per gallon.