Spring 2023 Continues Downward Diesel Price Trend

National average retail diesel fuel pricing going into Spring 2023 decreased once again to $4.11 per gallon as of April 3, 2023, according to the U.S. Energy Information Administration (EIA). 

This average price represents a decrease of 2 cents per gallon compared to the prior week and a drop of about $1.04 per gallon compared to one year prior. 

Digging into U.S. Regional Diesel Fuel Prices

Only the Gulf Coast saw a minor price increase (around a half-cent). The remaining U.S. regions tracked by the EIA saw a price decrease for diesel fuel week-over-week and year-over-year for another consecutive week. 

West Coast average prices have remained below the $5 per gallon mark (except for California, which still averages $5.05 per gallon of diesel, but is starting to get closer).

The most significant week-over-week decrease was seen again in the Rocky Mountain region for a third consecutive week at around 8 cents below last week. The highest year-over-year decline was seen in the Gulf Coast yet again, dipping $1.04 below the same time the previous year. As of the latest data, the Gulf Coast and Midwest regions are still the only two dipped below the $4 per gallon mark.

Current average diesel prices by region are:

• East Coast: $4.23
• Midwest: $3.95
• Gulf Coast: $3.89
• Rocky Mountain: $4.15
• West Coast: $4.72