Diesel above $4 per gallon for fourth consecutive week

By Land Line staff | 3/18/2014

The average price of a gallon of on-highway diesel dropped 1.8 cents $4.003 per gallon, according to the U.S. Energy Information Administration.

The EIA reports that the national average price for fuel is at its highest point in 24 weeks. The average price on Monday, March 17, was approximately 4.4 cents below the national average from one year ago.

Diesel prices fell in all 10 regions in the U.S., according to the EIA. The largest average decrease came in the New England Region, where prices at the pump dropped by 4.9 cents per gallon. Prices fell in the Lower Atlantic Region by just a fraction of a cent, the lowest average decrease.

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

  • U.S. – $4.003, down 1.8 cents
  • East Coast – $4.138, down 2 cents
  • New England – $4.313, down 4.9 cents
  • Central Atlantic – $4.314, down 3.9 cents
  • Lower Atlantic – $3.973, down one-tenth of a cent
  • Midwest – $3.994, down 1.9 cents
  • Gulf Coast – $3.803, down 1.1 cents
  • Rocky Mountain – $3.991,down nine-tenths of a cent
  • West Coast – $4.020, down 2.2 cents
  • West Coast less California – $3.942, down 1.8 cents
  • California – $4.087, down 2.5 cents

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 $3.949 on Monday morning, a decrease of about 1.5 cents compared to last week.

TruckMiles.com listed the daily average price for Tuesday at $4.011, with truckers in Connecticut paying an average of $4.511 per gallon, the highest in the nation. Truckers in Oregon are paying only $3.62 per gallon, according to the site. Truckers in 23 of the Lower 48 states are paying in excess of $4 per gallon at the pump.

In separate energy news, according to the New York Mercantile Exchange, light sweet crude was trading at $97.94 on Monday afternoon. The price of Brent crude oil was listed at $106.24, according to Bloomberg.

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