Nationwide fuel prices see slight decline

After last week’s spike, diesel and gas prices dropped nationwide this week. The national average on-highway diesel price decreased 5 cents to $3.487 according to data released by the U.S. Energy Information Administration on May 28. Gas prices dropped 1 cent to $3.160.

What are the current diesel prices across the U.S?

Here are this week’s diesel price highlights from each region of the U.S.:

• Rocky Mountain: The biggest drop in diesel prices was in the Rocky Mountain area with 7 cents to $3.445.
• Gulf Coast: Diesel prices dropped 7 cents to $3.136 in the Gulf Coast states.
• Midwest: Diesel prices dropped 5 cents to $3.428 in the Midwest.
• West Coast: Along the West Coast, diesel prices dropped 5 cents to $4.248. Without including California, prices dropped 7 cents to $3.763.
• East Coast: On the East Coast, diesel prices dropped 3 cents to $3.555.

According to AAA Motor Club, the current national diesel price average is $3.537. This is 5 cents higher than EIA’s current estimate and 33 cents lower than this time last year.

See also: Diesel and gas prices rise ahead of summer travel season

What are the current gasoline prices across the U.S.?

The current national average on-highway gasoline price is $3.160, according to EIA, 1 cent lower than last week’s average. 

Here are this week’s gasoline price highlights from each region of the U.S.:

• Gulf Coast: The biggest drop in gas prices was along the Gulf Coast with 6 cents to $2.726.
• West Coast: On the West Coast, gas prices dropped 3 cents to $4.258. Without including California, prices rose 1 cent to $3.857.
• Rocky Mountain: In the Rockies, gas prices dropped 1 cent to $3.118.
• Midwest: In the Midwest, gas prices dropped 1 cent to $3.018.
• East Coast: On the East Coast, gas prices rose 1 cent to $2.995.

According to AAA, the current national gasoline price average is $3.163. This is 0.3 cents higher than EIA’s current estimate and 42 cents lower than this time last year. 

In a recent press release, AAA said, “Gas prices haven’t been this low over Memorial Day since 2021 when the national average was $3.04. Supply and demand are playing a role in this year’s lower pump prices as crude oil supply is currently surpassing demand.”