The average cost of diesel fuel across the nation edged closer to $4, dropping by 3.6 cents this week to settle at $4.022 per gallon, as per the latest data from the Energy Information Administration published on March 4.
Since the beginning of the year when it stood at $3.876 and reached a peak of $4.109, the price of diesel has now declined for two consecutive weeks, totaling a decrease of 8.7 cents.
However, not all regions experienced a drop; two regions recorded slight increases: California saw a rise of three-tenths of a cent, while the Rocky Mountains witnessed an increase of seven-tenths of a cent.
Key Points:
- Diesel fuel is currently 26 cents cheaper compared to the same period last year.
- Prices of diesel fuel remain below $4 in the Midwest ($3.919) and the Gulf Coast ($3.731).
- The most significant decrease of the week, by 7.5 cents per gallon, was observed in the West Coast region excluding California, where diesel now stands at $4.152 per gallon.
- Gasoline prices rose by 10.1 cents, reaching $3.350 per gallon.
