Diesel prices across the U.S. averaged $3.536 per gallon, reflecting a 3.7-cent decrease, based on data from the U.S. Energy Information Administration released on Nov. 4. This reduction comes after a previous 2-cent rise, highlighting the ongoing price fluctuations as the market adapts to shifts in fuel demand and refining operations.

Year-over-Year Comparison
The national average is now 83 cents below the level from the same time in 2023. However, regional differences persist, with price trends varying across the PADD regions.

Regional Analysis

East Coast (PADD 1): Diesel prices on the East Coast dropped by 1.5 cents, averaging $3.590 per gallon. All three subregions showed slight decreases:

  • New England (PADD 1A): Prices remained steady at $3.753 per gallon, unchanged from the previous week, and are 77 cents lower than last year.
  • Central Atlantic (PADD 1B): Diesel prices in the Central Atlantic fell by 1.2 cents to $3.792, reflecting a year-over-year decrease of 79.6 cents.
  • Lower Atlantic (PADD 1C): A 1.6-cent drop brought prices down to $3.50, with a year-over-year reduction of 66.3 cents.

Midwest (PADD 2): The Midwest saw a larger drop, with diesel prices decreasing by 5.2 cents to $3.517 per gallon. Compared to last year, prices in the region are down by 81.7 cents.

Gulf Coast (PADD 3): The Gulf Coast, which maintains the lowest prices among all regions, experienced a 4.6-cent decrease, bringing the average to $3.184 per gallon. Diesel prices here are 84.8 cents lower than this time last year, underscoring competitive pricing in the largest U.S. refining area.

Rocky Mountain (PADD 4): The Rocky Mountain region saw the largest decrease across all areas, with a 7.2-cent drop, bringing diesel to $3.583 per gallon. Compared to last year, prices have fallen by 90.6 cents, continuing a downward trend after a period of relative stability.

West Coast (PADD 5): Despite a 1.6-cent decrease to $4.19 per gallon, the West Coast remains the highest-priced region for diesel. Subregional details include:

  • West Coast less California: Prices dropped by 2.8 cents to $3.763, down $1.006 from last year.
  • California: Diesel prices in California fell slightly by one-tenth of a cent to $4.681 per gallon, marking a $1.135 decrease year-over-year.

Gasoline Update:
The national average for gasoline fell by 2.8 cents to $3.069 per gallon, a 32.7-cent drop compared to this time last year.