Diesel Slightly Cheaper This Week, While Gasoline Costs Rise

Diesel prices are down slightly nationwide from last week, but still up compared to this time in 2022. Gasoline, on the other hand, mostly increased in price except for slight drops in New England and on the Gulf Coast.

According to the U.S. Energy Information Administration, the average cost for diesel is about $4.54, down 3 cents from last week, reducing pain at the pump for some ICE school bus fleets in the United States. Regular gasoline is up this week to $3.26, more than 3 cents on average across the country. It’s down 3 cents compared to this time last year.

Overall, regions saw gasoline prices rise week to week, but down compared to last year except for the Midwest and Central Atlantic.

Current average fuel prices by region (gasoline/diesel):

• East Coast: $3.22/$4.81.
• Midwest: $3.14/$4.39.
• Gulf Coast: $2.89/$4.22.
• Rocky Mountain: $3.12/$4.70.
• West Coast: $3.96/$5.08.

According to a GasBuddy report, more refiners should come back online soon after cold-weather outages. Coupled with lower demand, that growing supply could lead to lower gas prices – at least until late February or early March.

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