Average diesel prices increase for second consecutive week

By Land Line staff | 4/27/2015

The average price of a gallon of on-highway diesel went up by 3.1 cents from last week to $2.811 per gallon for the week ending Monday, April 27. This marks the second consecutive week of increases after five weeks of declining prices.

Diesel price averages went up in all 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 6.9 cents per gallon. Prices went up by eight-tenths of a cent in the New England region, the smallest increase in the nation.

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

  • U.S. – $2.811, up 3.1 cents
  • East Coast – $2.949, up 2.3 cent
  • New England – $3.057, up eight-tenths of a cent
  • Central Atlantic – $3.110, up 2.9 cents
  • Lower Atlantic – $2.806, up 2.3 cents
  • Midwest – $2.691, up 3.2 cents
  • Gulf Coast – $2.683, up 2.4 cents
  • Rocky Mountain – $2.731, up 1.8 cent
  • West Coast – $3.026, up 6.1 cents
  • West Coast less California – $2.865, up 6.9 cents
  • California – $3.156, up 5.4 cents

According to ProMiles, the average retail price at truck stops was $2.735 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 $2.821, with truckers in Rhode Island paying an average of $3.469 per gallon, the highest in the nation. Truckers in Missouri are paying a national low of $2.548 per gallon, according to the site. For the 21st consecutive week, no states in the Lower 48 states are listed in excess of $4 per gallon at the pump. There are 39 states with prices below $3, one fewer than last week as prices are slowly increasing.

In separate energy news, according to the New York Mercantile Exchange, light sweet crude (also known as West Texas Intermediate) for June delivery was trading at $57.21 on Monday at noon CDT, an 83-cent increase from last Monday and a six-cent increase from its last trading price. The price of Brent crude oil for June settlement was listed at $65.21, a $1.76 increase from last Monday and a seven-cent decrease from its last trading price.

Oil prices for both WTI and Brent are hovering near highs for the year, as prices are slowly rebounding.  AAA has indexed diesel prices at $2.804 for Monday, $1.162 cheaper than this time last year and 4.3 cents cheaper from a month ago.

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