Diesel prices hit 2018 low

| March 12, 2018

Another drop in diesel fuel prices during the week ending March 12 has prices at their lowest point since the beginning of the year, according to the Department of Energy’s latest report.

The U.S.’ average price for a gallon of on-highway diesel is now $2.976, which is 1.6 cents lower than a week ago. It is also the lowest price since the week ending Jan. 1, when prices were $2.973 per gallon across the country.

Prices fell in all regions across the country over the last week, except for California, where prices held steady. The most significant decrease was seen in the Lower Atlantic region, where prices dropped 2.3 cents.

The nation’s cheapest fuel can be found in the Gulf Coast region at $2.782 per gallon, followed by the Lower Atlantic region at $2.871 per gallon.

The most expensive fuel is in California at $3.652 per gallon, followed by the Central Atlantic region at $3.221 per gallon.

Prices in other regions, according to the DOE, are:

  • New England – $3.107
  • Midwest – $2.899
  • Rocky Mountain – $2.903
  • West Coast less California – $3.052

ProMiles’ numbers during the week saw a 1.9-cent decrease in diesel prices during the week to $2.912 per gallon nationwide.

According to ProMiles’ Fuel Surcharge Index, the most expensive diesel can be found in California at $3.61 per gallon, and the cheapest can be found in the Gulf Coast region at $2.768 per gallon.

With the rise in fuel over the last half-year, have rates really risen by much?

Separating out fuel surcharges from average rates over the July 2017 (when fuel prices hit a 2017 trough) to January 2018 period, spot market dry ...

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