EIA’s newest gas worth marked the third enhance since Nov. 18. (Daniel Acker/Bloomberg Information)
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U.S. diesel costs rose modestly by 3.6 cents to a mean of $3.494 per gallon, in accordance with U.S. Power Info Administration information launched Dec. 16. This marks the third enhance since Nov. 18, the exception being final week’s 8.2-cent drop.
The typical worth elevated in all 5 areas in EIA’s weekly survey, with the most important being 6 cents a gallon within the Gulf Coast.
12 months-over-12 months Comparability
Diesel gas costs are down 40 cents versus the identical interval in 2023. The Rocky Mountain area has proven the most important decline from a 12 months earlier at 57.6 cents.
U.S. On-Freeway Diesel Gasoline Costs
U.S. Power Info Administration
Regional Evaluation
East Coast (PADD 1): The East Coast noticed a 4-cent enhance, averaging $3.575 per gallon, pushed primarily by sharp features within the Decrease Atlantic:
• New England (PADD 1A): Costs dipped by a slight 0.1 cent to $3.754 per gallon, reflecting relative stability within the area. Costs are down 60.8 cents year-over-year, the most important drop amongst East Coast subregions.
• Central Atlantic (PADD 1B): A modest 1.1-cent enhance introduced the regional common to $3.761 per gallon, marking a 57.5-cent year-over-year decline.
• Decrease Atlantic (PADD 1C): Costs rose by 5.5 cents, the steepest regional achieve nationwide, with diesel now averaging $3.487 per gallon. 12 months-over-year, costs are down 30.6 cents, reflecting the area’s smaller declines in contrast with others.
Midwest (PADD 2): The Midwest reported a 2.5-cent enhance, bringing its common to $3.45 per gallon. Regardless of the weekly rise, costs are nonetheless 35.6 cents decrease year-over-year, aligning with the nationwide development.
Gulf Coast (PADD 3): The Gulf Coast skilled the most important weekly enhance, with costs leaping by 6 cents to $3.19 per gallon. This area continues to benefit from the nation’s lowest diesel costs and a year-over-year decline of 37.9 cents.
U.S. Power Info Administration
Rocky Mountain (PADD 4): Diesel costs within the Rocky Mountain area rose 2.8 cents, averaging $3.357 per gallon. In contrast with the identical week in 2023, costs are down 57.6 cents, sustaining one of many largest year-over-year declines within the nation.
West Coast (PADD 5): The West Coast common rose 1.1 cents to $4.13 per gallon, with vital disparities between California and the remainder of the area:
• California: Costs dropped 2.6 cents, settling at $4.597 per gallon. That is the most important year-over-year drop nationally, with costs down 63.4 cents in contrast with 2023.
• West Coast much less California: Diesel costs elevated by 4.4 cents, averaging $3.726 per gallon, down 42.7 cents year-over-year.
Gasoline Replace
The nationwide common worth for a gallon of gasoline rose eight-tenths of a cent to $3.016. That is 3.7¢ lower than it price right now a 12 months in the past.
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