Diesel down another penny to lowest price since July

By Land Line staff | 11/18/2013

The national average price for on-highway diesel dropped a penny to $3.822 per gallon from a week ago, according to the U.S. Energy Information Administration.

The EIA reports that the national average price for fuel has dropped over 15 cents per gallon from a year ago. The average price on Monday, November 18 is the lowest average since July 1, when truckers were paying an average of $3.817 per gallon. The average price has not been below $3.80 since the week of July 30, 2012.

Diesel prices dropped in nine of the 10 regions in the U.S., according to the EIA. Prices remained stagnant in the Rocky Mountain region. Fuel prices fell by 3.3 cents in California. The Gulf Coast region reported the lowest price for fuel at $3.745, down seven-tenths of a cent from the prior week.

Following are the average prices by region as reported by the EIA:

U.S. – $3.822, down 1 cent
East Coast – $3.841, down 1.4 cents
New England – $3.981, down 1 cent
Central Atlantic – $3.89, down 1.3 cents
Lower Atlantic – $3.779, down 1.4 cent
Midwest – $3.794, down four-tenths of a cent
Gulf Coast – $3.745, down seven-tenths of a cent
Rocky Mountain – $3.836, unchanged
West Coast – $3.954, down 2.2 cents
West Coast less California – $3.872, down nine-tenths of a cent
California – $4.022, down 3.3 cents

ProMiles, which tracks prices daily, showed the national average at $3.812 on Monday. Truckers in Connecticut were paying an average of $4.199 per gallon, the highest in the nation, while those fueling up in Missouri paid $3.57 on average.

In separate energy news, according to the New York Mercantile Exchange, light sweet crude was trading at $92.98 on Monday. The price of Brent crude oil was listed at $108.23, according to Bloomberg.

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