Finally: Diesel prices drop

April 19, 2005
Finally: Diesel prices drop

National average retail diesel prices took a 5.7-cent fall last week to average $2.259 per gallon, according to the Energy Information Administration (EIA). This breaks a four-week streak of record high diesel prices, but year-over-year this marks a hefty 53.5-cent premium.

The oil-rich Gulf Coast region saw the biggest price drop on a 7.1-cent decrease to $2.18. The region also holds the crown for being the cheapest in which to fill up. Although all regions posted a decrease in prices in New England held the steadiest. There was only a 1.6-cent reduction to $2.418. California remains the most expensive region, as prices averaged $2.582.

EIA expects diesel prices to continue to decline from record levels over the next few weeks due to slackened distillate demand—a petroleum product which diesel fuel is derived from— and profitable market incentives for refiners to boost diesel production.

See Diesel Price break imminent, EIA says.

Voice your opinion!

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

Sponsored Recommendations

What challenges are top of mind for fleet professionals in 2025? Get exclusive insights from the 2025 Fleet Trends Survey and discover where the industry is headed next.
The most successful fleets accomplish more than delivering freight. To accomplish this, fleets need a fuel that’s reliable, more economical and more sustainable. That fuel is ...
Are your KPIs driving real fleet improvement? Learn how to set smarter, data-driven benchmarks, track success like top-performing fleets, and apply proven strategies to optimize...
Learn how eets can enhance truck utilization and minimize safety incidents using business intelligence and AI. Delve into innovative practices, technology integration and real...