Diesel saw continued lower prices this week across the United States, while gasoline costs jumped almost everywhere in the country.
The U.S. Energy Information Administration reported that gasoline averages about $3.50 per gallon across the nation. The average price of diesel fuel fell to about $4.10 per gallon. Despite the increases for gasoline, its price remains down compared to a year ago during the same week. Diesel also is still down compared to 2022 levels.
Current average fuel prices by region (gasoline/diesel):
- East Coast: $3.36/$4.23
- Midwest: $3.39/$3.95
- Gulf Coast: $3.15/$3.89
- Rocky Mountain: $3.46/$4.15
- West Coast: $4.40/$4.72
Fuel prices may soon see impacts from OPEC and its allies decision to cut oil production by more than 1.6 million barrels a day starting next month through the end of 2023. Some experts worry the cut may trigger further inflationary issues.
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