Diesel prices drop another penny

By Land Line staff | 12/16/2013

The average price of a gallon of on-highway diesel dipped nearly a penny to $3.871 per gallon, according to the U.S. Energy Information Administration.

The EIA reports that the national average price for fuel was down eight-tenths of a cent per gallon from last week’s national average of $3.883. The average price on Monday, Dec. 9, was approximately 6 cents below the national average from one year ago.

Diesel prices once again rose in four of the 10 regions in the U.S., according to the EIA.

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

  • U.S. – $3.871, down eight-tenths of a cent
  • East Coast – $3.915, up three-tenths of a cent
  • New England – $4.064, down two-tenths of a cent
  • Central Atlantic – $3.977, up half a cent
  • Lower Atlantic – $3.84, up four-tenths of a cent
  • Midwest – $3.852, down 1.8 cents
  • Gulf Coast – $3.766, down seven-tenths of a cent
  • Rocky Mountain – $3.852, up one-tenth of a cent
  • West Coast – $3.982, down 1.1 cents
  • West Coast less California – $3.884, down 2.2 cents
  • California – $4.066, unchanged

ProMiles, the software company that maintains the websites ProMiles.com and TruckMiles.com, continues to offer its own weekly fuel price information. The company’s fuel price data are presented in the same format used by the EIA in the agency’s weekly reports. The prices include a national average as well as regional averages, and comparisons to the previous week and the previous year.

A key difference between the EIA and ProMiles reporting is the type and number of fueling stations the company surveys in order to calculate its averages. While EIA surveys 400 truck stops and convenience stores nationwide, ProMiles uses its direct feed from thousands of truck stops to develop its averages.

According to ProMiles, the average retail price at truck stops was $3.816 on Monday morning, a decrease of about 1.1 cents compared to last week. The ProMiles data suggests that prices are still roughly 7.5 cents lower nationally than in December of 2012, but California has seen prices rise to just over 5.4 cents above last year.

TruckMiles.com listed the daily average price for Monday at $3.873, with truckers in Connecticut paying an average of $4.309 per gallon, the highest in the nation. Truckers in Oregon are paying only $3.56 per gallon, according to the site.

In separate energy news, according to the New York Mercantile Exchange, light sweet crude was trading at $97.45 on Monday afternoon. The price of Brent crude oil was listed at $110.47, according to Bloomberg.

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