The national average diesel price fell by 1.1 cents to $3.768 per gallon, based on data from the Energy Information Administration released on July 29.

Key Points:

  • Weekly Trends: Diesel prices have decreased nationally for three straight weeks, with a total drop of 9.7 cents.
  • Year-Over-Year Comparison: Diesel is now 35.9 cents cheaper per gallon than it was at this time last year.
  • Regional Variations: The average diesel price fell in nine out of ten regions surveyed by the EIA, with decreases ranging from 4.3 cents in California to just half a cent in the Midwest. The Gulf Coast saw a slight increase of 0.7 cents.
  • Gasoline Price Update: The national average price for a gallon of gasoline rose by 1.3 cents to $3.484 per gallon, which is still 27.3 cents less than it was a year ago.

Analysis: The national average diesel price has dropped for the third week in a row, with a total decrease of 9.7 cents. Compared to last year, the average price is down by 35.9 cents.

Regional Price Dynamics

  • East Coast (PADD1): The East Coast saw a decrease of 2.8 cents, bringing the average price to $3.844 per gallon, which is 30.9 cents lower than this time last year.
  • New England (PADD1A): New England prices dropped slightly by 1.2 cents to $4.089 per gallon, 7.2 cents less than a year ago.
  • Central Atlantic (PADD1B): The Central Atlantic experienced a more significant decline of 3.3 cents, with the average price now at $4.028 per gallon, reflecting a 26.3-cent decrease year-over-year.
  • Lower Atlantic (PADD1C): In the Lower Atlantic, diesel prices fell by 2.7 cents to $3.751 per gallon, 35 cents lower compared to last year.
  • Midwest (PADD2): The Midwest had a minor reduction of half a cent, bringing the average price to $3.727 per gallon, 37.8 cents lower than the previous year.
  • Gulf Coast (PADD3): The Gulf Coast saw a slight increase of 0.7 cents, with the average price now at $3.468 per gallon, though it remains 36.3 cents lower than at this time in 2023.
  • Rocky Mountain (PADD4): Prices in the Rocky Mountain region decreased by 1.3 cents, averaging $3.718 per gallon, a drop of 40.9 cents from the same period last year.
  • West Coast (PADD5): The West Coast saw a reduction of 2.4 cents, with prices now at $4.370 per gallon, which is 38.3 cents lower than in 2023.
  • West Coast Less California: This subregion experienced a slight decrease of 0.9 cents, bringing the price to $3.968 per gallon, a 43.3-cent decrease from last year.
  • California: Prices in California fell by 4.3 cents to $4.831 per gallon, which is 32.7 cents lower than the previous year.