Daily dispatch, Feb. 6: Diesel prices fall to lowest mark in over two years

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Updated Feb 7, 2020

Trucking news and briefs for Thursday, Feb. 6, 2020:

Fuel prices hit lowest national average since December 2017
The national average price of diesel fell to its lowest mark since the end of 2017, according to the latest numbers from the Department of Energy’s Energy Information Administration.

During the week ending Feb. 3, the U.S.’ average price for a gallon of on-highway diesel was $2.956, the lowest since the week ending Dec. 25, 2017. During the most recent week, prices fell 5.4 cents from $3.01 per gallon.

So far in 2020, the national average for diesel has fallen more than 12 cents from $3.079 per gallon during the week ending Jan. 6 to the current $2.956 average.

During the most recent week, the most significant decrease was seen in the Gulf Coast region, where prices fell by 6.3 cents, followed by the Midwest region, where prices fell by 6.2 cents.

The nation’s cheapest fuel can be found in the Gulf Coast region at $2.71 per gallon, followed by the Midwest region at $2.839 per gallon. The most expensive diesel can be found in California at $3.812 per gallon, followed by the Central Atlantic region at $3.18 per gallon.

Prices in other regions, according to DOE, are:

  • New England – $3.105
  • Lower Atlantic – $2.863
  • Rocky Mountain – $2.944
  • West Coast less California – $3.146