Diesel price falls fraction of a penny, continues downward trend

| April 14, 2014

The national average price for a gallon of on-highway diesel fell again in the week ended April 14, but its descent slowed some, dropping just seven-tenths of a cent to $3.952, according to the Department of Energy’s Energy Information Administration. 

This is the fifth consecutive week the price of diesel has dropped, dating to the week ended March 17. The price has fallen 6.9 cents in that span. 

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DOE projects diesel prices to drop more than a dime this summer

The average price of diesel should fall more than dime over the course of the summer, according to projections released this week by the Department of Energy, who expects diesel to average $3.87 a gallon this summer.

The price of diesel was up 1 cent than the same week last year, however. 

ProMiles’ Fuel Surcharge Index reported this week a six-tenths of a cent drop, bringing its reported national average to $3.894 a gallon, down two-tenths of a cent from the same week last year. 

Per the EIA, average prices dropped in all regions but two, with the Lower Atlantic region and California being the standouts. The Lower Atlantic region had a one-tenth of a cent decrease, and California’s price was flat. 

New England led all price decreases with a 2-cent drop, followed by the Rocky Mountain’s 1.3-cent drop and the Central Atlantic’s 1.2-cent drop. 

The New England region still has the country’s most expensive diesel, $4.22, followed by the Central Atlantic ($4.193), the East Coast ($4.068) and California ($4.056). The average price in all other regions is below $4. 

The Gulf Coast still has the U.S.’ cheapest diesel, $3.790, followed by the West Coast less California’s $3.893 and the Midwest’s $3.932. 

  • jim stewart

    It could be a buck fifty per gallon but why not charge what they want.. Who are we to do anything about it. They have the legislators feeding off the big oil buffet and the Obama team would love nothing better than green solar powered trucks costing $500,000 each.. Now where did I put those keys to my B 61 anyway?