This week’s price drop marks the largest since the fuel shed 15.8 cents a gallon on Dec. 19. (THEPALMER/Getty Images)
The national average price for a gallon of diesel tumbled 9.6 cents — its largest drop of the year — to reach $3.922, according to Energy Information Administration data released May 8.
Highlights
- The current price marks diesel’s steepest drop since Dec. 19, when it shed 15.8 cents a gallon to settle at $4.596 from $4.754. Trucking’s main fuel had a 9.5-cent drop Feb. 13, to $4.444 from $4.539.
- A gallon of diesel on average now costs $1.701 less than it did at this time in 2022.
- Diesel’s average price now is below $4 a gallon in four of the 10 regions in EIA’s weekly survey. The price fell in all regions, from a high of 14.1 cents in the Gulf Coast to a low of 4.1 cents in the Rocky Mountain region.
- Gasoline fell 6.7 cents a gallon on average to $3.533. That marks a 79.5-cent decline from this time a year ago.
U.S. On-Highway Diesel Fuel Prices
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EIA.gov
