Photo 11474491 Lunamarina | Dreamstime.com
6631ce2af9e5c200087a1e15 Dreamstime Xxl 11474491

Diesel prices reach $3.947 as plateau decreases

May 1, 2024
Diesel prices fell across the country the week of April 29, with the national gasoline price average also slipping 1 cent to $3.653/gal.

At the end of April, data released by the U.S. Energy Information Administration indicate on-highway diesel fuel prices have decreased, though they are expected to increase again for summer. The week of April 29, the EIA reported the current on-highway U.S. diesel price average at $3.947 per gallon, 4 cents lower than last week and 7 cents lower a year ago.

Diesel prices also fell across the country between 1 and 9 cents per gallon. In the New England subregion, prices fell 1 cent to $4.309 per gallon, while the East Coast and California each saw prices fall 2 cents to $4.025 and $5.216 per gallon, respectively. Meanwhile, the West Coast overall dropped 3 cents to $4.625.

Gasoline prices fall to $3.653/gal.; a nickel more than 2023

Although not by much, the national average for U.S. regular gas prices dropped this week, as did most regional gas prices. The EIA logged current gas prices at $3.653 per gallon, 1 cent lower than a week ago but 5 cents higher than last year. Otherwise, price changes varied from 0 to 6 cents across the rest of the country.

Specifically, gas costs were unchanged from last week on the East Coast ($3.540 per gallon). Prices dropped 1 cent in the Midwest to $3.453 per gallon and 3 cents in the Rocky Mountain and West Coast regions to $3.426 and $4.796, respectively. Costs also fell 4 cents on the Gulf Coast to $3.192 per gallon and 6 cents in California to $5.172.

Two of the East Coast’s sub-regions were the only places where gas prices rose this week. In the New England sub-region, costs climbed 3 cents to $3.618, while the Lower Atlantic sub-region saw costs rise by less than a cent. The Gulf Coast is still the cheapest for gasoline at $3.192 per gallon, while California is the most expensive at $5.172.

The AAA and the EIA agreed on gas costs this week, with the motor club logging the current gas average at $3.659 per gallon, which is 2 cents lower than last week and 4 cents more expensive than last year’s $3.615. In a press release, the AAA attributed the dip in prices to lower oil costs and a decrease in domestic demand.

“Domestic gas demand is pretty pokey at the moment, which is often the case in the runup to Memorial Day and the traditional start of summer driving season,” said Andrew Gross, AAA spokesperson. “The recent national average price of $3.67 could be the peak until hurricane season is well underway. But as always, the wildcard will be the cost of oil, so stay tuned.”


This article was originally published on FleetOwner.com.

About the Author

Alex Keenan

Alex Keenan is an Associate Editor for Fleet Maintenance magazine. She has written on a variety of topics for the past several years and recently joined the transportation industry, reviewing content covering technician challenges and breaking industry news. She holds a bachelor's degree in English from Colorado State University in Fort Collins, Colorado. 

Sponsored Recommendations

10 Steps Every Tech Should Follow Before Clearing Fault Codes

Are you tired of recurring fault codes? Clear them with confidence today! View the 10 steps that every technician should follow before attempting to clear faults.

Repair, Replace or Retire - Grab Your Calculator

Don't make the mistake of ignoring fleet maintenance. Learn how to be proactive instead of reactive and reduce up to 70% of breakdowns.

Mobil Delvac™ oils give race car haulers winning edge

See how Mobil Delvac™ oils boosted the Tony Stewart Racing Team

The Technician’s Guide for Mastering DPF Regens

Become a regen expert today! Equip yourself with the skills necessary to recognize when a forced regen is the correct procedure to maximize the lifespan of your filter and keep...