Diesel average slips 4 cents; oil continues decline

| Monday, May 16, 2011

Truckers are paying an average of 4 cents less for diesel fuel than they were a week ago. The U.S. Energy Information Administration posted a nationwide average of $4.061 per gallon for the week ending Monday, May 16.

Each of the EIA’s nine regions reported decreases for the week, ranging from a penny in New England to nearly 9 cents in California.

Here are the EIA’s averages by region:

U.S. – $4.061, down 4.3 cents
East Coast – $4.075, down 4.2 cents
New England – $4.207, down 1.1 cents
Central Atlantic – $4.210, down 3.8 cents
Lower Atlantic – $4.005, down 4.7 cents
Midwest – $4.015, down 5.1 cents
Gulf Coast – $3.996, down 2.6 cents
Rocky Mountain – $4.134, down 2.2 cents
West Coast – $4.248, down 5.9 cents
California – $4.371, down 8.8 cents

ProMiles posted Monday’s average at $4.086 per gallon, down two-tenths of a cent overnight. Washington state wrestled the most-expensive title away from California this week with an average of $4.375 a gallon. Oklahoma had the lowest tax-included price in the nation at $3.879.

Meanwhile, oil prices continue to fall.

Monday’s midday average on the New York Mercantile Exchange was $97.06 per barrel for light sweet crude, down $2.59 overnight and down $18 from late-April’s high of $115.

Comments