Prices in the Rocky Mountain region showed the greatest decline compared to the previous week, with average prices falling nine cents for gasoline, and eight cents for diesel.
Diesel prices on the Gulf Coast dipped below $4 for the first time since February 2022, while gasoline prices continued their upward trend across the country.
The average price of diesel fuel blipped up a penny in the Midwest Region, while gasoline climbed more than 4 cents on average nationwide.
Diesel fuel prices continued declines over the past week, while gasoline remained steady in most regions outside of the Rocky Mountains and the West Coast.
Gas dropped in price across the United States, except the Rocky Mountain region.
Across the country, average diesel and gasoline fuel prices jumped between 8 and 11 cents compared to last week.
Costs are up compared to last week, but still below where we were this time in 2022. The increase is attributed to reduced refinery capacity due to recent cold weather.
Is there a diesel fuel shortage? Low diesel stockpiles don't mean the country will run out, but they do mean higher diesel prices, especially in the Northeast where stocks are the lowest and diesel faces competition from fuel oil.
President Biden has called for a three-month federal fuel tax holiday to help alleviate the pain of record gasoline and diesel fuel prices. But it faces and uphill battle in Congress, and critics say it could even backfire.
The national average diesel price at the pump topped the $5 mark for the first time in the week reported March 14, at $5.25. It has remained over $5 a gallon ever since.
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