Create a free Overdrive account to continue reading

Diesel price falls again, hits one of lowest averages since January

user-gravatar Headshot
Updated Jul 15, 2014
Screen Shot 2014-07-14 at 4.38.07 PM

The national average price for a gallon of on-highway diesel fell in the week ended July 14 to $3.894 a gallon, according to the Department of Energy’s Energy Information Administration.

This is the second straight week the price of diesel has dropped and the lowest the price of diesel has been since January, save for two weeks in June.

Compared to the same week last year, the price of diesel is 2.7 cents higher.

Average prices also dropped in all regions for the second straight week, led by a 2.5-cent drop in the Midwest, followed by a 2-cent drop in New England, and a 1.8-cent drop in the Central Atlantic.

California again had the country’s most expensive diesel, $4.119 a gallon, followed by New England’s $4.078, the West Coast’s $4.052 and the Central Atlantic’s $4.051. All other regions were below the $4 mark.

The Gulf Coast had the country’s cheapest diesel once again, $3.787, followed by the Midwest’s $4.837 and the Lower Atlantic’s $3.866.

The Business Manual for Owner-Operators
Overdrive editors and ATBS present the industry’s best manual for prospective and committed owner-operators. You’ll find exceptional depth on many issues in the 2022 edition of Partners in Business.
Download
Partners in Business Issue Cover