Average weekly diesel prices lowest since 2009

| 4/13/2015

The average price of a gallon of on-highway diesel went down by 3.0 cents from last week to $2.754 per gallon for the week ending Monday, April 13. This marks the lowest weekly prices since Dec. 28, 2009, when diesel was priced at $2.732.

Diesel price averages went down in nine of 10 regions in the U.S., according to the Energy Information Administration. The largest average decrease was in the Central Atlantic and Midwest regions, where prices at the pump went down by 4.2 cents per gallon. Prices went up by a penny in California region, the only increase in the nation.

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

  • U.S. – $2.754, down 3.0 cents
  • East Coast – $2.916, down 3.4 cents
  • New England – $3.076, down 3.8 cents
  • Central Atlantic – $3.080, down 4.2 cents
  • Lower Atlantic – $2.759, down 2.7 cents
  • Midwest – $2.633, down 4.2 cents
  • Gulf Coast – $2.620, down 2.3 cents
  • Rocky Mountain – $2.703, down 2.2 cents
  • West Coast – $2.914, down four-tenths of a cent
  • West Coast less California – $2.720, down 2.2 cents
  • California – $3.071, up 1.0 cent

According to ProMiles, the average retail price at truck stops was $2.669 on Monday morning, a 3.5 cent decrease from last week.

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.

TruckMiles.com listed the daily average price for Monday at $2.752, with truckers in Connecticut paying an average of $3.471 per gallon, the highest in the nation. Truckers in Missouri are paying a national low of $2.416 per gallon, according to the site. For the 19th consecutive week, no states in the Lower 48 states are listed in excess of $4 per gallon at the pump. There are 40 states with prices below $3, two more than last week.

In separate energy news, according to the New York Mercantile Exchange, light sweet crude (also known as West Texas Intermediate) for May delivery was trading at $52.19 on Monday at noon CDT, a 5-cent increase from last Monday and a 55-cent increase from its last trading price. The price of Brent crude oil for May settlement was listed at $58.55, a 43-cent increase from last Monday and a 68-cent increase from its last trading price.

According to Bloomberg, oil prices increased for a third straight day as result of skepticism over the Iranian nuclear deal. AAA has indexed diesel prices at $2.785 for Monday, $1.174 cheaper than this time last year and 12.8 cents cheaper from a month ago.

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