Lately diesel fuel prices have been fluctuating quite a bit around the $3.00 mark. Last week the average price of on-highway diesel was $2.90. This may seem high, but compared to last year at this time, diesel prices have dropped a whole dollar per gallon, making fuel for diesel engines much more affordable.
Even though diesel has been on a slight rise as of late, the prices haven’t come near the $4.00 mark that we witnessed in July 2014. Diesel fuel prices are both rising and falling in different parts of the country. For example, the Midwest has been seeing an increase of $2.80 to $2.83 in the past week, while prices in the Gulf Coast have dropped to $2.79, which is the least expensive region in the country. The region with the highest prices is on the West Coast, where diesel fuel is priced at $3.16 per gallon. The overall range is currently between $2.79 and $3.16 across the nation. Last year at this time you would be spending an extra dollar per gallon on fueling your diesel engines.
As diesel fuel has only been fluctuating by minimal amounts, regular grade gasoline has been on a drastic upswing of late. Increasing by more than 37 cents over the past couple months. The prices fluctuate within a whole dollar. On the Gulf Coast a gallon of gas averages $2.48, but on the West Coast it averages $3.44. Fuel prices are fluctuating quite rapidly as they have been over the past decade. Although it is nice to see the prices down from last year, the trend seems to be on increasing prices once again.