Diesel Drops Below the $4-per-Gallon Mark. Gasoline Goes Slightly Up.

Published: Mar 25, 2014

Kjirstin / Foter / CC BY-NC-SA

According to data, released by the Energy Information Administration (AIE), for the first time in a few weeks average retail pump prices for diesel fell under $4 per gallon. Currently at $3.988 per gallon, this is a drop of 1.5 percent decrease from last week and 1.8 percent lower than the same week last year.

The price drop was seen in all parts of the country, though some regions, namely the Central Atlantic, New England and the East Coast, registered the biggest dips. Diesel prices in California and the West Coast, on the other hand, stayed above the $4-per-gallon mark. The cheapest diesel can be found in the Gulf Coast at $3.80 per gallon.

Gasoline prices, however, are now at $3.549, which comprises a small increase of two-tenths of a penny over last week. The highest increases were observed in the West Coast and the Gulf Coast. Similarly to diesel, though, the latter remains the region with the lowest gasoline prices in the country.

Read the full article at the Fleet Owner.

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Victor Lance is the founder and president of Lance Surety Bond Associates, Inc. He began his career as an officer in the U.S. Marine Corps, serving two combat tours. As president of Lance Surety, he now focuses on educating and assisting small businesses throughout the country with various license and bond requirements. Victor graduated from Villanova University with a degree in Business Administration and holds a Masters in Business Administration (MBA) from the University of Michigan's Ross School of Business.