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.
The average price of diesel fuel kept going down, just as it did for gasoline in most areas of the United States.
Both diesel and gasoline prices increased on average across the United States this week.
Across the country, average diesel and gasoline fuel prices jumped between 8 and 11 cents compared to last week.
Diesel prices dropped in most areas except the Rocky Mountains, while gasoline inched up again at the pump.
Global production of liquid fuels could be up to 102.8 million barrels per day by 2024, driven by growth in non-OPEC sources. But forecasts could be fogged by uncertainty over Russia’s oil supply, eased COVID-19 restrictions in China, and other global economic conditions.
We’ve all heard that fleeting EVs will lower your “fuel” bill considerably compared to an ICE vehicle. But by how much, exactly? Here’s the formula.
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