Average diesel prices in the US decreased across all regions of the U.S. as of Sept.10, 2024.
Photo: Work Truck /EIA
What's the story with diesel fuel prices in the U.S.? How do they compare to previous weeks? According to the most recent report by the U.S. Energy Information Administration (EIA), the average cost of diesel fuel for fleets has decreased again across all five regions of the country.
The average price of diesel fuel in the U.S. per gallon dipped again as of Sept. 10, 2024. The national average price, $3.55, represents a decrease of more than 7 cents from last week and nearly 10 cents compared to last year.
Prices are still drastically lower than in April, and the downward pricing trend of July continued into August and now September.
Regional average prices decreased this week in all regions, ranging from just over 2 cents to 8 1/2 cents per. The Midwest region saw the largest decrease week over week, 8 1/2 cents. The Rocky Mountain region saw the smallest change, a decrease of just over 2 cents.
The most expensive place to buy diesel is Hawaii, at $5.41 per gallon. The least costly is still Oklahoma, at $3.13 per gallon.
U.S. Regional Diesel Prices: 2nd Week of September
Heading into the second week of September 2024 the average diesel prices, as of Sept. 10, reported by region are:
- East Coast: $3.62
- Midwest: $3.53
- Gulf Coast: $3.19
- Rocky Mountain: $3.57
- West Coast: $4.26
U.S. Regional Diesel Prices: 1st Week of September
Average diesel prices in the US decreased across all but one region, as reported on Sept. 3.
Photo: Work Truck /EIA
Heading into the first week of September 2024 the average diesel prices, as of Sept. 3, reported by region are:
- East Coast: $3.67
- Midwest: $3.61
- Gulf Coast: $3.26
- Rocky Mountain: $3.59
- West Coast: $4.29
AAA: Gas Prices Dip Again
National average gasoline prices dipped to $3.32 at the start of September, and AAA reported a small uptick in gas demand possibly driven by late-summer travel. However, AAA reported that a storm system forming in the Atlantic may also threaten falling gas prices.
Ga demand rose at the end of August from 9.19 million b/d to 9.30. Meanwhile, total domestic gasoline stocks fell from 220.2 to 218.4 million barrels, and gasoline production decreased last week, averaging 9.6 million daily.
Oil Market Considerations
In the final week of August, AAA reported West Texas Intermediate (WTI) fell by $1.01 to settle at $74.52 a barrel. EIA reported that crude oil inventories decreased by 0.8 million barrels from the previous week.
At 425.2 million barrels, U.S. crude oil inventories are about 4% below the five-year average for this time of year.
Wayne Parham
Senior Editor
Wayne Parham brings more than 30 years of media experience to Work Truck's editorial team and a history of covering a variety of industries and professions. Most recently he served as senior editor at Police Magazine, also has worked as publisher of two newspapers, and was part of the team at Georgia Trend magazine for nine years.
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