Diesel prices steady, oil prices on the rise

By Land Line staff | 1/3/2012

The national average price of diesel went down eight-tenths of a cent last week. The U.S. Energy Information Administration reported the average at $3.783 for the week ending Monday, Jan. 2.

Averages in the Rocky Mountain and Midwest regions decreased by more than 2 cents, while other regions were up or down by fractions of cents.

Following are the weekly average prices by region, as reported by the EIA.

U.S. – $3.783, down eight-tenths of a cent
East Coast – $3.844, up four-tenths of a cent
New England – $3.973, unchanged
Central Atlantic – $3.932, up seven-tenths of a cent
Lower Atlantic – $3.754, up two-tenths of a cent
Midwest – $3.683, down 2.3 cents
Gulf Coast – $3.709, up one-tenth of a cent
Rocky Mountain – $3.836, down 2.5 cents
West Coast – $3.979, up one-tenth of a cent
California – $4.046, up seven-tenths of a cent

According to tracking site ProMiles, the daily national average was at $3.778 on Tuesday following a decrease of one-tenth of a cent overnight. Connecticut and New York were the only states above the $4 mark for diesel including taxes. Missouri and Indiana had averages just below $3.50 per gallon according to ProMiles.

A quick glance at oil prices on the New York Mercantile Exchange showed a gain of $4.27 per barrel on Tuesday to $103.10. Analysts at Reuters reported that the increase in oil prices is likely due to tensions between the U.S. and Iran.

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