The average price of a gallon of on-highway diesel went up by 2.6 cents from last week to $2.780 per gallon for the week ending Monday, April 20. This is the first weekly increase after five weeks of declining prices.
Diesel price averages went up in nine of 10 regions in the U.S., according to the Energy Information Administration. The largest average increase was in the West Coast less California region, where prices at the pump went up by 7.6 cents per gallon. Prices went down by 2.7 cents in the New England region, the only decrease in the nation.
Following are the average prices by region as reported by the EIA:
- U.S. – $2.780, up 2.6 cents
- East Coast – $2.926, up 1.0 cent
- New England – $3.049, down 2.7 cents
- Central Atlantic – $3.081, up one-tenth of a cent
- Lower Atlantic – $2.783, up 2.4 cents
- Midwest – $2.659, up 2.6 cents
- Gulf Coast – $2.659, up 3.9 cents
- Rocky Mountain – $2.713, up 1.0 cent
- West Coast – $2.965, up 5.1 cents
- West Coast less California – $2.796, up 7.6 cents
- California – $3.102, up 3.1 cents
According to ProMiles, the average retail price at truck stops was $2.702 on Monday morning, a 3.3 cent increase 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 $2.785, with truckers in Connecticut paying an average of $3.474 per gallon, the highest in the nation. Truckers in Indiana are paying a national low of $2.476 per gallon, according to the site. For the 20th 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, unchanged from 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 $56.90 on Monday at noon CDT, a $4.99 increase from last Monday and a $1.16 increase from its last trading price. The price of Brent crude oil for June settlement was listed at $63.86, a $5.93 increase from last Monday and a 41-cent increase from its last trading price.
According to Bloomberg, oil prices for WTI have reached nearly high levels for the year amid speculation of supply growth beginning to slow down. AAA has indexed diesel prices at $2.787 for Monday, $1.174 cheaper than this time last year and nine cents cheaper from a month ago.
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