The U.S. average diesel price is up to $3.17 per gallon, the highest point since December 2014.

The U.S. average diesel price is up to $3.17 per gallon, the highest point since December 2014.

The average price of diesel in the U.S. has climbed well above $3 per gallon, with no sign of a significant decline for the rest of the year.

According to data from the U.S. Energy Information Administration, the average on-highway retail price for diesel was $3.171 per gallon as of Monday. That’s up $0.606 (24%) from May 8, 2017, when the national average was $2.565.

For 2017 overall, the average price of diesel was $2.65 per gallon. Just over two years ago, in February 2016, the fuel’s average price had fallen below $2 per gallon.

This year, the retail price of diesel has increased each week since March 19, when it was just below $3 per gallon, at $2.972.

The Energy Information Administration’s current projection shows that the average price of diesel is expected to waver within a few cents of the current price, $3.17, through the end of this year. For 2019, the agency is projecting that diesel will drop to around $3 per gallon for most of the year.

Meanwhile, the cost of gasoline has also been on the rise. The U.S. average price of regular gasoline was at $2.845 per gallon as of Monday, up $0.473 (20%) from a year earlier.

About the author
Thomas McMahon

Thomas McMahon

Executive Editor

Thomas had covered the pupil transportation industry with School Bus Fleet since 2002. When he's not writing articles about yellow buses, he enjoys running long distances and making a joyful noise with his guitar.

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