Diesel fuel is on a rollercoaster ride as of April 16, dropping once again after last week saw all increases.   -  Photo: Work Truck | EIA

Diesel fuel is on a rollercoaster ride as of April 16, dropping once again after last week saw all increases. 

Photo: Work Truck | EIA

What are the current diesel fuel prices in the U.S.? How do they compare to the past? According to the latest report by the U.S. Energy Information Administration (EIA), national average diesel fuel costs for fleets have decreased slightly across all regions of the country.

Heading into the third week of April, the U.S. national average diesel fuel price dipped to just over $4.02 per gallon as of April 16, 2024. This recent per-gallon diesel pricing represents a just over 4-cent decrease from last week and a decrease of just over 10 cents compared to the previous year. 

The New England portion of the East Coast region was the only area to see a slight increase, but overall, New England saw a small decline across all three of its regions. The Gulf Coast region, which saw the highest increase last report, saw one of the highest decreases this reporting cycle of 5 cents per gallon compared with last week.

Once again, the Midwest, Gulf Coast, and Rocky Mountain regions dipped below the $4 per gallon mark (only the Gulf Coast held that distinction last week). 

Average diesel fuel prices reported as of April 16, by region, are:

  • East Coast: $4.07
  • Midwest: $3.97
  • Gulf Coast: $3.71
  • Rocky Mountain: $3.96
  • West Coast: $4.70

U.S. Regional Diesel Fuel Prices Rise as of April 8, 2024

While last report showed a decrease across all regions, it only took seven days for that to turn around completely.   -  Photo: Work Truck | EIA

While last report showed a decrease across all regions, it only took seven days for that to turn around completely. 

Photo: Work Truck | EIA

Heading into the second week of April, the U.S. national average diesel fuel price rose to just over $4.06 per gallon as of April 8, 2024. This recent per-gallon diesel pricing represents a close to 7-cent increase from last week and a decrease of just over 3 cents compared to the previous year. 

The Gulf Coast region, which saw the highest decrease last report, saw the high increase this round, rising 9 cents per gallon. Only the Gulf Coast sees average diesel prices below the $4 per gallon mark. 

Where is the Cheapest Diesel [April 16, 2024]?

  • Oklahoma: $3.597
  • Texas: $3.641
  • Colorado: $3.662
  • Mississippi: $3.695
  • South Dakota: $3.713

Average diesel fuel prices reported as of April 8, by region, are:

  • East Coast: $4.12
  • Midwest: $4.00
  • Gulf Coast: $3.76
  • Rocky Mountain: $4.01
  • West Coast: $4.72

U.S. Regional Diesel Fuel Cost Dips as of April 1, 2024

Diesel Fuel prices dipped across all regions compared with last week, but are still higher than seen a few months ago.   -  Photo: Work Truck | EIA

Diesel Fuel prices dipped across all regions compared with last week, but are still higher than seen a few months ago. 

Photo: Work Truck | EIA

It's not a joke, people! As of April 1, 2024, the U.S. national average diesel fuel price dipped to just under $4 per gallon. This recent per-gallon diesel pricing represents a 3-cent decrease from the last report and a decrease of just over 10 cents compared to the previous year.

Out With the Old, in With the New: Diesel Alternatives for Construction Fleets

The Gulf Coast region saw the highest decrease compared to the previous week, dipping more than 4 cents per gallon compared with last week. Digging deeper into each area, while the West Coast saw an overall drop, California diesel is up just over 17 cents compared to the previous year.

Average diesel prices as of April 1, by region, are:

  • East Coast: $4.08
  • Midwest: $3.95
  • Gulf Coast: $3.67
  • Rocky Mountain: $3.95
  • West Coast: $4.65

Gasoline Price Update [4/16/24]

Cheapest Gas:
Colorado $3.06

Most Expensive Gas:
California $5.46 

What's Happening with 'Wobbling' Gasoline Prices?

National average gasoline prices continue to rise, settling at $3.64, with expectations of a continuing seasonal increase. This is still down about 2 cents compared with one year ago but a rise of 20 cents compared with just one month prior. 

According to the AAA, despite ominous overseas news, a pop in domestic gasoline demand, and oil prices rising to the mid-$80s per barrel, the rise in gasoline prices was nominal.   

“Renewed Ukrainian attacks on Russia’s oil infrastructure and increasing tension in the Middle East spiked oil prices recently,” said Andrew Gross, AAA spokesperson. “And with the cost of oil accounting for roughly 60% of what we pay at the pump, there will likely be some upward pressure on prices.”     
According to new data from the EIA, gas demand rose while total domestic gasoline stocks decreased. Higher demand and rising oil prices will likely nudge pump prices higher. 

Want to learn how to reduce your fleet fuel costs? Check out these seven tips and sign up for our eNewsletter so you never miss an update on fuel prices from Work Truck

About the author
Lauren Fletcher

Lauren Fletcher

Executive Editor - Fleet, Trucking & Transportation

Lauren Fletcher is Executive Editor for the Fleet, Trucking & Transportation Group. She has covered the truck fleet industry since 2006. Her bright personality helps lead the team's content strategy and focuses on growth, education, and motivation.

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