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Diesel and gas surge nationally, rise in most U.S. regions

July 11, 2023
Trucking’s main fuel reaches its 10th straight week of sub-$4-per-gallon prices but rises 3.9 cents above last week’s 18-month low, according to new government data. Gasoline also rose 1.9 cents for the week of July 10.

The party is at least temporarily over for both diesel and gasoline prices, though both the fuels are $1.762 and $1.10, respectively, below their per-gallon levels a year ago. The U.S. average for diesel surged 3.9 cents the week of July 10 while gas rose 1.9 cents per gallon, and both where higher in most regions of the country, according to the latest federal government data.

Motor club AAA on the morning of July 11 had diesel flat from the week before, settling exactly as it did on the July 4 holiday at $3.843 per gallon.

However, Monday’s release of the latest U.S. Energy Information Administration (EIA) information marked not only a 3.9-cent increase but also the 10th straight week of diesel below $4 per gallon. It had dropped 3.4 cents the week of July 3, according to EIA data.

Diesel increases in every region but one

Diesel prices rose for the week of July 10 in every major region that EIA monitors except one, the Rocky Mountain region, where the fuel fell 1.1 cents to an average of $3.939 per gallon.

Diesel was up this week in some places substantially more than the U.S. average. On the West Coastusually the most expensive place for diesel in the country, where the fuel is still well above $4the fuel rose 4.8 cents to $4.460 per gallon. Along the East Coast, the fuel rose the week of July 10 almost as much, 4.7 cents to $3.858. Two regions in the East, New England and the Central Atlantic, are above $4.

See also: Roeth: Don't be a slave to fuel prices

EIA also measured nearly identical increases in the Midwest and the Gulf Coast, 3.8 cents and 3.7 cents, respectively. In the Midwest, diesel fuel settled at $3.742 while it was significantly less along the Gulf Coast, $3.505 per gallon, which is the cheapest region in the U.S. for the fuel.

Oil prices and bullish sentiment have been rising slowly in recent weeks on Saudi Arabia’s pledge to cut supply and Russia’s promises to trim its oil exports. Still, August and September 2023 contracts on West Texas Intermediate and Brent crude are floating well below $80 per barrel and the high levels of last year. On July 11, WTI and Brent were $73.34 and $78.01, respectively, both up about 35 cents.

About the Author

Scott Achelpohl | Managing Editor

I'm back to the trucking and transportation track of my career after some time away freelancing and working to cover the branches of the U.S. military, specifically the U.S. Navy, U.S. Marine Corps, and the U.S. Coast Guard. I'm a graduate of the University of Kansas and the William Allen White School of Journalism there with several years of experience inside and outside business-to-business journalism. I'm a wordsmith by nature, and I edit FleetOwner magazine and our website as well as report and write all kinds of news that affects trucking and transportation.

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