Just four states averaging under $4 for diesel

By David Tanner, Land Line associate editor | 3/26/2012

You can now count on one hand how many individual states are averaging below $4 for diesel. The only four states with that distinction on Monday, March 26, were Indiana, Iowa, Missouri and Virginia. The U.S. Energy Information Administration says the national average went up half-a-penny during the past week.

Indiana had the lowest average on Monday by a significant margin, $3.873 including taxes, while Missouri was second lowest at $3.940. Virginia at $3.978 and Iowa at $3.996 rounded out the short list.

California had an average of $4.483 on Monday, topped only by Washington state at $4.518 according to ProMiles.

The West Coast region had the highest regional average at $4.433 according to the EIA. Prices relaxed by half-a-cent in California according to the EIA. The Lower Atlantic had the lowest regional average at $4.110 per gallon.

Following are the regional averages for the week as reported by the EIA on Monday:

U.S. – $4.147, up half-a-cent
East Coast – $4.190, up six-tenths of a cent
New England – $4.263, up fout-tenths of a cent
Central Atlantic – $4.279, up one-tenth of a cent
Lower Atlantic – $4.110, up four-tenths of a cent
Midwest – $4.046, up six-tenths of a cent
Gulf Coast – $4.055, up two-tenths of a cent
Rocky Mountain – $4.136, up 1.7 cents
West Coast – $4.443, up two-tenths of a cent
California – $4.476, down half-a-cent

ProMiles reported the daily average for diesel as unchanged overnight at $4.149 per gallon. Rhode Island had the highest average by state according to the ProMiles survey, at $4.419, followed by Connecticut at $4.414.

Crude oil was at $107.15 per barrel Monday on the New York Mercantile Exchange, up about 30 cents from Friday. Oil prices in Europe were up 16 cents a barrel to $125.29.

Part of the increase in oil prices, according to analysts, is the U.S. dollar trading at a three-week low.

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