Trucker 1262 Fuel Island 1216

Diesel dips another 1.8 cents

May 9, 2017
A third consecutive weekly decrease has left the price of diesel right the middle the nickel or so range it’s maintained since the first of the year.

A third consecutive weekly decrease has left the price of diesel right the middle the nickel or so range it’s maintained since the first of the year.

The average U.S. retail pump price for diesel fell 1.8 cents to $2.565 in the May 8 update by the Energy Information Administration (EIA). That’s 2.1 cents cheaper than the Jan. 2 report, but 29.4 cents higher than this time last year.

Prices fell in every region.

On the East Coast, prices were down 1.2 cents on average, coming in at $2.642 in New England, $2.753 in the Central Atlantic region, and $2.507 in the Lower Atlantic.

On the West Coast, less California, diesel registered a 2.8-cent decrease to $2.747, while California posted a 1-cent dip, to $2.927, the highest price in the lower 48 states.

Diesel was up 1.5 cents in the Rocky Mountains ($2.651), while the price for a gallon in the Midwest fell 1.9 cents ($2.497).

The Gulf Coast saw an decline of a 2.5 cents, to $2.41—the lowest price for a gallon in the country.

The national average price for gasoline was down 3.9 cents to $2.372, 15.2 cents higher than a year ago.

About the Author

Kevin Jones | Editor

Kevin has served as editor-in-chief of Trailer/Body Builders magazine since 2017—just the third editor in the magazine’s 60 years. He is also editorial director for Endeavor Business Media’s Commercial Vehicle group, which includes FleetOwner, Bulk Transporter, Refrigerated Transporter, American Trucker, and Fleet Maintenance magazines and websites.

Working from Little Rock, Kevin has covered trucking and manufacturing for 15 years. His writing and commentary about the trucking industry and, previously, business and government, has been recognized with numerous state, regional, and national journalism awards.

Sponsored Recommendations

Reducing CSA Violations & Increasing Safety With Advanced Trailer Telematics

Keep the roads safer with advanced trailer telematics. In this whitepaper, see how you can gain insights that lead to increased safety and reduced roadside incidents—keeping drivers...

80% Fewer Towable Accidents - 10 Key Strategies

After installing grille guards on all of their Class 8 trucks, a major Midwest fleet reported they had reduced their number of towable accidents by 80% post installation – including...

Proactive Fleet Safety: A Guide to Improved Efficiency and Profitability

Each year, carriers lose around 32.6 billion vehicle hours as a result of weather-related congestion. Discover how to shift from reactive to proactive, improve efficiency, and...

Tackling the Tech Shortage: Lessons in Recruiting Talent and Reducing Turnover

Discover innovative strategies for recruiting and retaining tech talent in the trucking industry during this informative webinar, where experts will share insights on competitive...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!