Diesel and gas prices see slight declines, offering relief ahead of summer travel
Ahead of the summer travel season, both diesel and gas prices saw small declines in most areas of the U.S. this week. According to data released by the U.S. Energy Information Administration on May 13, the national average on-highway diesel price dropped 2 cents to $3.476. Gas prices fell 3 cents to $3.120.
What are the current diesel prices across the U.S.?
Here are this week’s diesel price highlights from each region of the U.S.:
- East Coast: Along the East Coast, diesel prices fell 3 cents to $3.534.
- Gulf Coast: Diesel prices in the Gulf Coast fell 3 cents to $3.143.
- Midwest: In the Midwest, diesel prices dropped 2 cents to $3.416.
- Rocky Mountain: In the Rockies, diesel prices rose 0.3 cents to $3.463.
- West Coast: Along the West Coast, diesel prices rose 1 cent to $4.211. Without factoring in California, diesel prices fell 2 cents to $3.735.
According to AAA Motor Club, the current national diesel price average is $3.528. This is 5 cents higher than EIA’s current estimate and 40 cents lower than this time last year.
See also: Diesel prices continue to decline nationwide as gasoline prices edge up amid economic concerns
What are the current gasoline prices across the U.S.?
EIA reports that the current national average price for on-highway gasoline is $3.120, which is 3 cents lower than last week.
Here are this week’s gasoline price highlights from each region of the U.S.:
- East Coast: Along the East Coast, gas prices fell 5 cents to $2.947.
- Midwest: Gas prices dropped 5 cents to $2.978 in the Midwest.
- Gulf Coast: In the Gulf Coast region, gas prices fell 3 cents to $2.692.
- Rocky Mountain: In the Rockies, gas prices rose 2 cents to $3.137.
- West Coast: Along the West Coast, gas prices rose 7 cents to $4.224. Without factoring in California, gas prices rose 4 cents to $3.760.
According to AAA, the current national gasoline price average is $3.157. This is 4 cents higher than EIA’s current estimate and 46 cents lower than this time last year.
In a recent press release, AAA said, “OPEC+ (the group of oil-producing countries) announced Saturday that it will increase output again in June, widening the supply surplus, which could cause crude prices to continue to fall. This means road trippers would see lower prices at the pump this summer.”
