The national average price for on-highway diesel fell 1.6 cents to $3.87 per gallon, according to figures from the U.S. Energy Information Administration.
The national average remains about 16 cents cheaper compared with the previous year. Prices had been on a modest decline over the last month.
Prices fell in all 10 regions, with the Lower Atlantic region posting the largest average decrease at 2.2 cents per gallon.
Following are the average prices by region as reported by the EIA:
- U.S. – $3.87, down 1.6 cents
- East Coast – $3.889, down 1.6 cents
- New England – $4.02, down 1.2 cents
- Central Atlantic – $3.951, down 1 cent
- Lower Atlantic – $3.818, down 2.2 cents
- Midwest – $3.837, down 1.6 cents
- Gulf Coast – $3.783, down 1.7 cents
- Rocky Mountain – $3.865, down 1 cent
- West Coast – $4.036, down 1.3 cents
- West Coast less California – $3.941, down 1.3 cents
- California – $4.117, down 1.2 cents
ProMiles, which tracks prices daily, showed the national average at $3.86 on Monday, Oct. 28. Truckers in Connecticut were paying an average of $4.336 per gallon, the highest in the nation, while those fueling up in Missouri paid $3.606 on average.
In separate energy news, light sweet crude, the type of oil most associated with diesel production, was trading at $98.62 on Monday, up 77 cents a barrel as of midday.
In Europe, Brent crude was trading at $109.38 a barrel, up $2.45, according to Bloomberg.
Copyright © OOIDA