MENU
SEARCHIt’s the first weekly decline in fuel costs for consumers since 2023 kicked off.
The average price for a gallon of diesel fell about 8 cents.
Image: Canva/EIA
The average cost of diesel and gasoline mostly fell in the past week, although gas edged upward in the western United States.
The U.S. Energy Information Administration reported that gasoline runs about $3.44 per gallon on average, down from $3.49. The average price of diesel fell from $4.62 to $4.54. Gasoline saw increases in the Rocky Mountain and West Coast regions.
Gasoline fell about 5 cents on average in most areas, although pumps charged more in the Rocky Mountain and West Coast regions.
Image: Canva/EIA
Current average fuel prices by region (gasoline/diesel):
East Coast: $3.41/$4.75
Midwest: $3.30/$4.38
Gulf Coast: $3.09/$4.25
Rocky Mountain: $3.69/$4.74
West Coast: $4.11/$5.09
It’s the first time in 2023 that the national average for gasoline declined, which GasBuddy credited “to a sharp and sudden drop in the price of oil.”
Wrote Patrick De Haan, head of petroleum analysis at GasBuddy: “While the decline in both gas and diesel prices is terrific, it’s not unusual to see prices falling in February, which tends to be the month with some of the lowest gasoline prices of the year, thanks to seasonally weak demand. For diesel, we’re likely to see more declines, and potentially much more significant ones in the weeks ahead as imports of distillate have accelerated, leading to a sell-off. And, with warmer weather ahead, demand may struggle as well.”
The Rocky Mountain gas price increases could be attributed to a Colorado refinery outage, according to the EIA. The EIA reports that on Dec. 24, 2022, Suncor shut down its 103,000-barrel-per-day oil refinery in Commerce City after extreme cold weather damaged equipment. Repairs may delay operations until the end of Q1 2023.
Got news for School Bus Fleet? Send your information to info@schoolbusfleet.com.
Check out key features of the new air disc brake pad and catch free 2026 brake training sessions from Cummins and Meritor. Details here.
Read More →
What if your fleet technology actually worked together? Learn eight practical strategies to integrate multiple systems into one platform, unlocking clearer insights, stronger safety standards, and smoother daily operations.
Read More →
Keeping buses safe, reliable, and on schedule requires more than manual processes. This eBook explores how modern fleet software supports school transportation teams with automated maintenance scheduling, smarter video safety tools, and integrated data systems. Discover practical ways fleets are reducing breakdowns, improving safety, and saving valuable staff time.
Read More →
Learn how modern telematics helps pupil transportation fleets operate more safely, efficiently, and cost-effectively while proving measurable value to their communities. See how real fleets are reducing idling, improving driver safety, and using video data to protect budgets and passengers alike.
Read More →
With alternative fuels on the rise, PERC’s grant program helps schools prepare students for careers maintaining low-emission fleets through hands-on training and equipment funding.
Read More →
Fleetio's expanded network gives transportation departments new access to verified repair partners, faster approvals, and real-time repair tracking.
Read More →
The maintenance company's Truck Check Up and ShopPulse products receive enhancements and feature updates.
Read More →
The company's new maintenance program offers inspections, fast repairs, and support to keep school bus video systems running.
Read More →
Eleven techs across the school bus contractor have achieved master mechanic status, while six Durham operations earn new Blue Seal status.
Read More →
