Fuel prices back on decline after two-week climb

user-gravatar Headshot
fueling

Diesel prices resumed their downward trend last week with a 2.5-cent nationwide drop, following the prior week’s considerable jump. Last week’s decrease ended a two-week climb in which prices jumped 8 cents, according to the Department of Energy’s weekly report.

The U.S.’ average price for a gallon of on-highway diesel is now $2.531. Prices dropped in all regions except the Rocky Mountain region, where prices climbed slightly by seven-tenths of a cent.

The most significant decrease came in the Lower Atlantic region, where prices dropped by 4.2 cents, followed by the Midwest region, where prices dropped by 3.4 cents.

The nation’s most expensive diesel can be found in California at $2.808 per gallon, followed by the Central Atlantic region at $2.642 per gallon.

The cheapest diesel is in the Gulf Coast at $2.325 per gallon, followed by the Lower Atlantic region at $2.427 per gallon.

Prices in other regions are as follows:

•New England – $2.562
•Midwest – $2.60
•Rocky Mountain – $2.523
•West Coast less California – $2.576

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