March 2024 Diesel Fuel Update: Costs on the Rise

What are the current diesel fuel prices in the U.S. right now? How do they compare to the past? According to the latest report by the U.S. Energy Information Administration (EIA), depending on where you are in the U.S., average diesel fuel prices have experienced both a modest increase and a modest decline over the past week. 

As of March 25, 2024, the U.S. national average diesel fuel price remained at $4.03 per gallon. This recent per-gallon diesel pricing represents a 1-cent increase from last week and a decrease of just over 9 cents compared to the previous year.

Only the Gulf Coast region saw a decrease compared to the previous week and the same time last year. The East Coast remained basically unchanged, dropping by less than half a cent, while the Midwest, West Coast, and Rocky Mountain regions saw slight increases over the March 15 average price points.

U.S. Regional Diesel Fuel Prices as of March 25, 2024

Average diesel prices as of March 25, by region, are:

• East Coast: $4.13
• Midwest: $3.99
• Gulf Coast: $3.72
• Rocky Mountain: $3.99
• West Coast: $4.67

U.S. Regional Diesel Fuel Prices as of March 18, 2024

As of March 18, 2024, the U.S. national average diesel fuel price remained at $4.03 per gallon. This recent per-gallon diesel pricing represents a just over 2-cent increase from last week and a decrease of just over 15 cents compared to the previous year. 

Only the West Coast and Rocky Mountain regions saw a decrease compared to the previous week and the same time last year. The East Coast, Midwest, and Gulf Coast regions saw an increase with both coasts now well above the $4 per gallon price point. 

Average diesel prices as of March 18, by region, are:

• East Coast: $4.13
• Midwest: $3.96
• Gulf Coast: $3.75
• Rocky Mountain: $3.97
• West Coast: $4.64

U.S. Regional Diesel Fuel Prices as of March 11, 2024

As of March 11, 2024, the U.S. national average diesel fuel price remained at just over $4 per gallon. This recent per-gallon diesel pricing represents a just over 2-cent drop from last week and a decrease of just over 24 cents compared to the previous year. 

All regions saw a decrease compared to the previous week and the same time last year. The Midwest, Gulf Coast, and Rocky Mountain regions are all under the $4 per gallon mark. 

Average diesel prices as of March 11, 2024, by region, are:

• East Coast: $4.12
• Midwest: $3.91
• Gulf Coast: $3.70
• Rocky Mountain: $3.99
• West Coast: $4.65

What's Happening with Gasoline Prices? 

U.S. average gasoline prices increased compared with the previous week, "marching" higher at the pump. According to AAA, more expensive oil, paired with increasing demand, is the likely culprit.

As of March 11, U.S. national average gasoline prices are $3.38 per gallon, a jump of just over 2 cents compared with last week. 

"Spring is nearly here, with longer days, better weather, and more opportunities to hit the road,” said Andrew Gross, AAA spokesperson. “And we are seeing this reflected in rising gasoline demand. But remember, we see this trend every year.”

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