West Coast and California remain home to highest average retail fuel prices in U.S., EIA says. (Photo by Sean Kilcarr/Fleet Owner)

Fuel prices still on the downswing

Feb. 2, 2016
Diesel in four U.S. regions dips below $2 mark

Average retail pump prices in the U.S. for both diesel and gasoline continued to decline this week, according to data tracked by the Energy Information Administration (EIA), largely because global oil prices remain stuck in a slump.

Diesel dropped 4 cents this week to a U.S. retail average of $2.031 per gallon, which is 80 cents cheaper per gallon compared to the same week in 2015, the agency said.

Diesel prices decreased in every region of the U.S. this week, with average retail diesel prices in four of them dropping below the $2 per gallon mark:

  • The Lower Atlantic: $1.992 (down 3.3 cents this week)
  • The Midwest: $1.991 (down 4.6 cents)
  • The Gulf Coast: $1.917 (down 4 cents)
  • The Rocky Mountains: $1.969 (down 4.6 cents)

California is again home this week to the highest average retail price for diesel, EIA’s numbers show, at $2.399 per gallon, though that represents a 6 cent decline per gallon from last week.

The U.S. average retail pump price for gasoline also declined this week by 3.4 cents to $1.822 per gallon, which is 24.6 cents cheaper compared to the same week in 2015.

The highest average retail prices for gasoline are again found on the West Coast at $2.375 per gallon, down 8.4 cents from last week but 4.7 cents per gallon higher when compared to the same week in 2015.

Without California included, the average retail prices for gasoline on the West Coast reached $2.073 per gallon, down 6.8 cents from last week.

About the Author

Sean Kilcarr | Editor in Chief

Sean previously reported and commented on trends affecting the many different strata of the trucking industry. Also be sure to visit Sean's blog Trucks at Work where he offers analysis on a variety of different topics inside the trucking industry.

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