National average price of diesel drops slightly

| Monday, November 19, 2007

The national average price for a gallon of on-highway diesel decreased 1.5 cents to $3.41 for the week ending Monday, Nov. 19, 2007, the U.S. Energy Information Administration reported.

The average was still 85.7 cents higher than it was a year ago and many truckers are demanding relief.

In Maine, a dozen local and state lawmakers met with 400 logging industry truckers on Saturday, Nov. 17, to talk about high fuel prices. The average price for the week in the New England region was $3.488 per gallon, 86.3 cents higher than it was a year ago.

The truckers said that bankruptcy is right around the corner without relief, the Bangor News reported.

Some suggestions for relief include a temporary suspension of the state’s 30-cent fuel tax, installation of diesel tanks closer to the logging operations so truckers don’t have to travel long distances for fuel, and a temporary suspension of hours-of-service regulations to allow truckers more flexibility.

Other EIA regions also face high prices, despite some areas experiencing slight decreases in price for the week.

Ultra-low sulfur diesel in California averaged $3.624 following a decrease of 3.9 cents per gallon.

ULSD in the West Coast region dropped 1.8 cents to average $3.592, while the Rocky Mountain region averaged $3.511 per gallon following a decrease of 2.4 cents.

The Gulf Coast region saw a 2.3-cent decrease as ULSD averaged $3.327 per gallon – the least expensive region average reported by EIA.

ULSD in the Midwest region averaged $3.416, down nine-tenths of a cent from the previous week.

Prices remained steady in the East Coast region at $3.423 per gallon for ULSD.

The Central Atlantic region averaged $3.524 per gallon following an increase of two-tenths of a cent.

Remaining low-sulfur diesel supplies on a national scale averaged $3.333 per gallon – a decrease of 3.5 cents.

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