Diesel Again Underneath $5 Per Gallon for the First Time in Months

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Gas prices at a fuel station near Truth Or Consequences, New Mexico on August 16.

Fuel costs at a gasoline station close to Reality Or Penalties, New Mexico on August 16.
Picture: Mario Tama (Getty Pictures)

It’s time for an additional excellent news version of Gas Price Watch! At the moment’s massive information is diesel costs. They dropped underneath $5 per gallon (technically) for the primary time in months, in accordance with AAA. I say technically as a result of AAA has diesel pegged at $4.999. That’s certainly beneath $5. Diesel has dropped 53 cents per gallon within the final month alone.

Fuel costs are additionally down. The present nationwide common is $3.93 – down 59 cents per gallon within the final month. That is clearly all excellent news. However that excellent news goes past folks filling up on the pump.

The decrease diesel costs go, the cheaper it’s for items to be moved across the nation. If these companies get cheaper, then logic says our prices to purchase these items may also go down. That’s the concept, a minimum of. Who actually is aware of, although.

There at the moment are 29 states the place the typical value of a gallon of diesel is beneath $5.00. You actually do exactly love to see it. That matches the variety of states the place the value of a gallon of gasoline is beneath $4.00.

It’s laborious to say simply how lengthy these tendencies will final. Costs on each gasoline sorts have been steadily declining since mid-June when costs peaked at $5.02 for gasoline and $5.82 for diesel. We’re nonetheless a great distance off from the place costs have been only one yr in the past. There was as soon as a time when the typical value of a gallon of fuel was $3.18 and the typical value of diesel was $3.29. We didn’t understand how good we had it.

Anyway, let’s check out gas prices around the country.

Here is the highest average gas prices in the country in order of highest price for a gallon regular:

  • Hawaii – $5.34 Regular | $5.55 Mid | $5.81 Premium | $6.10 Diesel
  • California – $5.33 Regular | $5.54 Mid | $5.69 (nice) Premium | $6.23 Diesel
  • Nevada – $4.92 Regular | $5.17 Mid | $5.37 Premium | $5.16 Diesel
  • Alaska – $4.91 Regular | $5.08 Mid | $5.28 Premium | $5.37 Diesel
  • Oregon – $4.84 Regular | $5.04 Mid | $5.25 Premium | $5.69 (nice) Diesel

Here is the lowest average price of gasoline in the country in order of lowest price per gallon of regular:

  • Arkansas – $3.44 Regular | $3.80 Mid | $4.14 Premium | $4.65 Diesel
  • Texas – $3.46 Regular | $3.84 Mid | $4.17 Premium | $4.52 Diesel
  • Tessessee – $3.47 Regular | $3.85 Mid | $4.22 Premium | $4.71 Diesel
  • Georgia – $3.47 Regular | $3.89 Mid | $4.25 Premium | $4.73 Diesel
  • Mississippi – $3.48 Regular | $3.85 Mid | $4.20 Premium | $4.64 Diesel

East bound and down, loaded up and truckin’!

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