National average diesel fuel prices were $2.64 per gallon as of Dec. 28, 2020, according to the U.S. Energy Information Administration. This uptick continues the rising trend we have seen since early November 2020, is reaching peaks not seen since late March 2020.
While only a $0.02 increase from the previous week, overall national average prices are only down around 43 cents per gallon compared to same time last year.
So far in 2020, a peak of $3.08 occured the week of Jan. 6 and diesel prices had, on average, declined or remained stable since then. Prices have now experienced a steady rise throughout the entire month of November 2020.
National average gasoline prices are still down year-over-year but are also continuing an increase week-over-week with U.S. national averages hitting $2.24 per gallon as of Dec. 28, 2020.
Current average diesel prices by region decreased a bit more year-over-year than the previous report, between $0.39 and $0.45, according to the EIA, due in part to a typical price rise this time of year that prices have not matched. All regions saw a decent increase week-over-week.
- East Coast: $2.66
- Midwest: $2.59
- Gulf Coast: $2.39
- Rocky Mountains: $2.59
- West Coast: $3.11
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