09/04/2024
As the U.S. approaches summer’s end, diesel and gas prices continue to fall, helped along by diesel refinery premiums finally nearing pre-pandemic levels.
“We're all the way back to what had been a more typical number for diesel's refining premium at just over $20,” said Matt Muenster, chief economist at Breakthrough. “This is getting back toward normal, pre-pandemic figures.”
This return has contributed to the U.S. Energy Information Administration‘s streak of reporting decreased diesel prices, which reached its seventh week August 26. This week's national average for U.S. on-highway diesel fuel prices is $3.651 per gallon, down 3 cents from last week and 82 cents from this time last year. Every other region saw diesel prices drop by 1-5 cents this week.
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Gas and diesel costs across the U.S. have continued to fall, with diesel refinery premiums finally returning to pre-pandemic levels.
