Diesel prices are the lowest that they have been in many years.   -  Source: EIA

Diesel prices are the lowest that they have been in many years. 

Source: EIA

National U.S. average diesel prices are down $0.04 from the week prior and $0.61 from one year ago, hitting $2.51 per gallon as of April 13, 2020, according to data from the U.S. Energy Information Administration (EIA) .

This continues the week-over-week decrease. Currently, the Gulf Coast region is showing the lowest average diesel prices at $2.29 per gallon, according to the EIA with California is still showing the highest average diesel fuel prices at $3.30 per gallon. 

According to data from WEX tracked by Work Truck magazine over the past several years, the last time diesel prices hit this low was in mid-2017 after several years of extraordinarly high prices. 

Did you know? The highest ever recording diesel fuel price, according to AAA, was $4.85 per gallon in July of 2008.

The drop in diesel prices falls in line with the drop in average gasoline prices, with AAA noting gas as low as $1.86 per gallon. Low crude prices due to COVID-19 and lower demand for gas, as Americans continue to social distance, have helped to push pump prices lower.

The EIA also reported that gas demand plunged to 5.1 million b/d from the previous week’s rate of 6.7 million b/d in its most recent weekly report. 

About the author
Lauren Fletcher

Lauren Fletcher

Executive Editor

Lauren Fletcher has covered the truck fleet industry since 2006 and is the executive editor of Work Truck magazine.

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