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Diesel prices dip after nearly 3 months of increases, while rates hold steady to slightly down

Trucking news and briefs for Tuesday, Sept. 26, 2023:

For the first time in 11 weeks, the national average diesel price is down from the previous week.

According to Energy Information Administration data, the U.S.’ average price for a gallon of on-highway diesel fell 4.7 cents during the week ending Sept. 25 to $4.59.

The decrease comes after diesel prices soared to their 2023 high during the previous week at $4.63 a gallon, as analysts' outlook for the situation with world oil pricing turned sharply pessimistic for substantial reductions anytime soon.

During the most recent week, diesel prices saw slight increases in three regions -- New England, Central Atlantic and California -- while all other regions saw price drops. New England went up 2 cents, while the Central Atlantic region and California each rose 1.6 cents. The largest price fall was in the Gulf Coast region, down 7.1 cents.

California and the rest of the West Coast remain the only parts of the country with diesel averaging higher than $5 a gallon. California is over $6, at $6.21. The West Coast less California sits at $5.23 per gallon on average.

Prices in other regions, according to EIA:

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