National average price of diesel stays the same

| Monday, February 11, 2008

The U.S. Energy Information Administration reports no increase from last week’s national average price of $3.280 per gallon for the week ending Monday, Feb. 11.

However, diesel still costs 80.4 cents more per gallon than it did a year ago.

Nationally, the average price for ultra-low sulfur diesel remained unchanged week-to-week at $3.291 per gallon, while the average price for low-sulfur diesel went down four-tenths of a cent to $3.203 per gallon.

The EIA reported the largest regional change for the week was in Central Atlantic region, which saw the price of ULSD decrease 2.6 cents from $3.444 to $3.418. The second-largest regional change was an increase of 2.1 cents in the West Coast region, where the average price for ULSD went from $3.336 to $3.357.

The New England region continued to have the highest average price at $3.542, which is actually down 2.4 cents from this past week’s average price for ULSD.

The East Coast region had an average price of $3.344 for ULSD, down 1.4 cents from $3.358 per gallon.

The Lower Atlantic region averaged $3.278 for ULSD, down six-tenths of a cent, while the Midwest region averaged $3.264, an increase of six-tenths of a cent.

In California, the price increased 1.6 cents from $3.377 to $3.393 from the previous week.

The ULSD average price increased five-tenths of a cent in the Rocky Mountain region from $3.264 to $3.269 per gallon.

On Monday, the crude oil price was above $91 per barrel, up at least $1.97 a barrel from a week ago.

This comes after Venezuelan President Hugo Chavez threatened Sunday, Feb. 10, to cut off oil sales to the U.S. in response to court orders on behalf of Exxon Mobil Corp. to freeze assets belonging to the Venezuelan oil company, according to the Associated Press.

Comments