May 1, 2024 1:42 PM, EDT

Diesel Price Continues Downward Push

At $3.947, a Gallon Checks in Below $4 for Third Time in Five Weeks

A fuel truck fills the storages tanks at a Sinclair station in Sisters, Ore. A gallon of diesel in the West Coast less California region cost 4.4 cents less than the previous week. (TT File Photo)

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The national average diesel price continued its downward push, dropping 4.5 cents to reach $3.947 a gallon, according to Energy Information Administration data released April 29.

Highlights

The average diesel price has been below $4 a gallon in three of the past five weeks. Prior to April 1, a gallon hadn’t cost less than $4 on average since Feb. 5 when it was $3.899.
A gallon of diesel now costs 7.1 cents less than at this time in 2023.
Diesel’s average price declined in all 10 regions in EIA’s weekly survey, ranging from a high of 9.6 cents a gallon in the Rocky Mountain region to a low of 1.7 cents in New England.
The national average price for a gallon of gasoline dipped 1.5 cents to $3.653. That’s 5.3 cents more than it cost at this time a year ago.