Overall, since the last peak in May of 2019, U.S. on-highway diesel fuel prices have continued an overall decrease, with a spike in September 2019 - Image: EIA

Overall, since the last peak in May of 2019, U.S. on-highway diesel fuel prices have continued an overall decrease, with a spike in September 2019

Image: EIA

U.S. average diesel fuel prices were $2.73 as of March 16, according to the U.S. Energy Information Administration. This is a drop of 8 cents from the previous week and 34 cents from the same time last year.

Overall, since the last peak in May of 2019, U.S. on-highway diesel fuel prices have continued an overall decrease, with a spike in September 2019 that leveled out in early January 2020 and has continued to drop since then.

Eleven States Have Gas Price Average of $2/Gallon or Less As crude oil prices trend close to $30/bbl. - Image: AAA

Eleven States Have Gas Price Average of $2/Gallon or Less As crude oil prices trend close to $30/bbl.

Image: AAA

On the gasoline side, according to reports from AAA, crude oil prices are trending close to $30/barrel, resulting in 35 states experiencing a double-digit drop in gasoline prices. Eleven states showed gasoline prices under $2 per gallon as of March 16. 

COVID-19 fears, in addition to the ongoing crude price war, could facilitate further drops in over gasoline and diesel prices over the days and weeks to come, according to AAA.

 

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