Diesel prices in the United States have continued their downward trend, marking the eighth consecutive week of declines, according to the latest report from the Energy Information Administration on Dec. 18. A notable drop of 9.3 cents per gallon has brought the national average price to $3.894, the lowest it has been in the past five months.
Key Points
- Regional Price Movements:
- Two additional regions have now dipped below the $4 mark, with the East Coast reaching $3.969 and the Rocky Mountain region at $3.933.
- The West Coast, particularly in California, remains at the higher end of the national average range, with prices at $4.655 and $5.231, respectively.
- All 10 regions experienced declines over the past week, with the West Coast-less-California region leading the decrease with a drop of 15.7 cents.
- Gasoline Price Movement:
- Gasoline prices are also on the decline, with an 8.3-cent drop bringing the national average to $3.053 per gallon.
- Four of the 10 regions now have a sub-$3 average price, with the Gulf Coast leading the way at $2.547 per gallon.
While some regions continue to experience higher prices, the overall trend of declining fuel costs is welcomed news for truckers and consumers alike. The sustained decrease in diesel and gasoline prices reflects a positive economic outlook as we approach the close of the year.
Source: Transport Topics
