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The national average price of diesel dropped 1.3 cents a gallon to $2.422, the Energy Information Administration reported Sept. 14. Diesel costs 56.5 cents a gallon less than it did a year ago after the second straight weekly drop.
The average price for trucking’s main fuel fell in all 10 regions in EIA’s survey.
The national average price of a gallon of gasoline, meanwhile, fell 2.8 cents a gallon to $2.183.
The Central Atlantic, Lower Atlantic and Midwest saw the deepest drop in diesel price at 1.3 cents per gallon. In the Central Atlantic region, the price dropped to $2.676. There, diesel is 50.1 cents less expensive than in 2019.
What are fleets doing to help attract the best possible diesel technicians to join the changing workforce environment? Host Michael Freeze speaks with Ken Boyer, dean of the Auto/Diesel Institute at Baker College, and Ralph Romero, vice president of talent management at U.S. Xpress. Hear a snippet, above, and get the full program by going to RoadSigns.TTNews.com.
In the Lower Atlantic, a gallon now costs $2.357, and diesel sells for 51.7 cents less than it did at this time in 2019.
Diesel in the Midwest now costs $2.308, and it costs 57.4 cents less per gallon than it did a year ago.
The smallest drop was in New England, where the price dipped seven-tenths of a cent to $2.605. Diesel there is 40.8 cents less expensive than in 2019.
The most expensive diesel remains in California, where the price declined nine-tenths of a cent to $3.267 a gallon. The fuel there is 63.4 cents a gallon less expensive than 2019.
Diesel in the Gulf Coast remains the least expensive, sliding 1.2 cents to $2.172. In that region, the cost is 58.9 cents cheaper than it was a year ago.
The Gulf Coast boasts the lowest price for gasoline and oil in part because it is home to much of the country’s oil and gasoline production and a large share of the refining capacity. However, that region again is facing the threat of damage from severe weather: Hurricane Sally, a Category 2 storm, is churning in the Gulf of Mexico south of New Orleans.
For the second time in less than a month, oil industry employees who work in the region have had to evacuate. Sally temporarily shut down 25% of the natural gas production as of Sept. 14, according to the federal Bureau of Safety and Environmental Enforcement. The bureau said workers had returned to shore from 147 production platforms, which represent 23% of the 643 platforms that operate in the Gulf.
Meanwhile, West Texas Intermediate Crude, the industry’s benchmark fuel, fell to $37.26 a gallon on the New York Mercantile Exchange on Sept. 14. That’s down more than $2 a barrel from WTI’s high just a week ago when crude was trending more than $40 a barrel. The drop in price is being attributed to a lack of demand for diesel and gasoline now that the summer driving season is over.
Also, millions of Americans still are working from home because of the COVID-19 pandemic and have substantially cut down on daily driving.
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