The average cost of diesel fuel across the nation stayed steady at $4.109, marking the first instance of stability since the previous summer, as reported by data from the Energy Information Administration for the week ending February 19th.
The last instance where the national average diesel price remained steady for consecutive weeks was on July 10th and July 17th, when it stood at $3.806 per gallon. Diesel prices had risen in four out of the previous five weeks, with a notable increase of 21 cents on February 12th. Currently, a gallon of diesel is on average 26.7 cents cheaper compared to this time last year.
In the Energy Information Administration’s weekly survey, the average diesel price increased in five of the ten regions, while it decreased in the remaining five. The most significant rise was observed in the Rocky Mountain area, where it surged by 15.2 cents per gallon, whereas the largest decline was recorded in the Midwest, dropping by 3.2 cents.
On the other hand, the average price for a gallon of gasoline climbed by 7.7 cents to $3.269, marking a total increase of 13.3 cents over the past two weeks. However, compared to a year ago, gasoline prices are currently 11 cents lower.
