Diesel Prices Climb 4 Cents to $3.584 per Gallon

The national average diesel price rose by 4 cents to $3.584 per gallon, as reported by the U.S. Energy Information Administration on Oct. 7. This marks the third consecutive increase, totaling a rise of 5.8 cents after a 10-week stretch of declines.

Year-Over-Year Comparison
Compared to the same period in 2023, the current national diesel price is down by 91.4 cents. This continues the trend of significant annual price decreases observed throughout the year.

Gasoline Price Update
Meanwhile, the average price of gasoline nationwide dropped by 4.3 cents to $3.136 per gallon. This is 54.8 cents less than the price at the same time last year.

Regional Diesel Price Trends

East Coast (PADD 1)
East Coast diesel prices dipped slightly by 0.8 cents, reaching $3.563 per gallon. However, regional subareas showed mixed results:
– New England (PADD 1A): Prices decreased by 2.3 cents to $3.765 per gallon. Year-over-year, prices are down 81.2 cents due to improved supply stability.
– Central Atlantic (PADD 1B): Diesel prices rose by 1.9 cents to $3.821 per gallon, still 90 cents lower than last year.
– Lower Atlantic (PADD 1C): Prices continued their decline, dropping by 1.6 cents to $3.447 per gallon, down 90.2 cents compared to 2023.

Midwest (PADD 2)
The Midwest experienced the largest regional increase, with diesel prices jumping by 6.7 cents to $3.587 per gallon. Despite the surge, prices remain 78.9 cents below last year’s levels, with seasonal demand driving the increase.

Gulf Coast (PADD 3)
Diesel prices in the Gulf Coast rose by 5.4 cents, reaching $3.266 per gallon. As the nation’s primary refining hub, the region continues to offer lower prices, but the recent increase has narrowed the year-over-year decline to 87.3 cents.

Rocky Mountain (PADD 4)
In the Rocky Mountain region, diesel prices edged up by 0.8 cents to $3.620 per gallon. The region’s isolation from broader networks contributes to price stability, and the year-over-year decrease now stands at $1.097 — the most significant drop among all regions.

West Coast (PADD 5)
The West Coast saw a 3.5-cent increase in diesel prices, bringing the average to $4.261 per gallon.
– West Coast less California: Prices rose by 4.4 cents to $3.841 per gallon, down $1.252 from last year.
– California: Diesel prices increased by 2.3 cents, reaching $4.742 per gallon, marking a $1.436 drop from the same time last year.

These trends indicate that while diesel prices have increased recently, year-over-year declines continue in most regions.