Diesel Fuel Prices Drop While Gasoline Goes Up

By Jesse Sokolow on 26 March 2015
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DSC_200In a year marked mostly by significant decreases in fuel prices, motorists have been paying more at the pump in the past few weeks, although prices still remain significantly lower than they were a year ago.

Diesel prices are lower this week, with the average price for a gallon of diesel fuel at $2.864, $0.053 less than a week ago, and $1.124 lower than a year ago, according to the U.S. Energy Information Administration. Meanwhile, the average price for a gallon of gasoline increased from a low of $2.03 on Jan. 25 to $2.457 this week. That number is $0.004 more than the price last week, although still $1.092 less than it was a year ago.

In terms of diesel, the Central Atlantic region saw the greatest decline, dropping $0.080 to a price of $3.321. Next was New England, which experienced a $0.070 drop for this week’s price of $3.200. The West Coast saw prices fall $0.063, while the Midwest experienced a decline of $0.052, and the Gulf Coast saw prices fall by $0.048.

The Midwest saw the greatest increase in gasoline prices, with a $0.106 rise, bringing the price to $2.391. The Rocky Mountain region trailed closely behind, with a $0.015 increase. However, the rest of the country continued to see slight declines, with the West Coast experiencing a $0.069 drop from last week’s prices, and New England seeing a $0.054 decrease.

(Photo: Accura Media Group)