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Diesel Price Falls 3.7¢ to $3.536 Per Gallon

by Krystal

Diesel prices in the U.S. averaged $3.536 per gallon, down by 3.7 cents, according to the U.S. Energy Information Administration (EIA) data released on Nov. 4. This drop follows a recent 2-cent increase, reflecting ongoing fluctuations in the market driven by shifts in fuel demand and refining activities.

Year-Over-Year Comparison

Compared to last year, the national average for diesel is 83 cents lower. However, prices vary widely by region, with different trends observed across the five Petroleum Administration for Defense Districts (PADD).

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East Coast (PADD 1): Diesel prices here fell by 1.5 cents to $3.590 per gallon. The price decreases were consistent across all three subregions:

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New England (PADD 1A): Prices stayed at $3.753 per gallon, 77 cents lower than last year.

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Central Atlantic (PADD 1B): A 1.2-cent drop brought prices to $3.792, down 79.6 cents from 2023.

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Lower Atlantic (PADD 1C): Diesel dropped by 1.6 cents to $3.50, showing a 66.3-cent decrease from last year.

Midwest (PADD 2): The Midwest saw a more significant drop of 5.2 cents, bringing the price to $3.517 per gallon. Prices here are down 81.7 cents year-over-year.

Gulf Coast (PADD 3): The Gulf Coast, which consistently has the lowest diesel prices in the U.S., saw a 4.6-cent reduction to $3.184 per gallon. Prices are 84.8 cents lower than last year.

Rocky Mountain (PADD 4): The Rocky Mountain region experienced the largest price drop, with a 7.2-cent decrease, bringing the average to $3.583 per gallon. This region has seen a 90.6-cent drop compared to last year.

West Coast (PADD 5): The West Coast continues to have the highest diesel prices, despite a 1.6-cent decrease to $4.19 per gallon. Prices here remain high, but there are notable differences between subregions:

West Coast excluding California: Prices dropped by 2.8 cents to $3.763, a decrease of $1.006 from a year ago.

California: The average diesel price dipped by just 0.1 cent to $4.681 per gallon, a $1.135 drop compared to 2023.

Gasoline Prices

Gasoline prices also saw a decline, dropping 2.8 cents to an average of $3.069 per gallon. This marks a 32.7-cent decrease from the same time last year.

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