Diesel average down a half-cent

By Land Line staff | 4/2/2012

The national average price for on-highway diesel was down a half-cent for the week ending Monday, April 2. The U.S. Energy Information Administration reported the average at $4.142 per gallon.

Most price averages by region were down by fractions of cents for the week. The Central Atlantic region saw an increase for the week but only by one-tenth of a cent. Decreases were more significant west of the Rocky Mountains.

Following are the weekly averages by region as reported by the EIA:

  • U.S. – $4.142, down a half-cent
  • East Coast – $4.190, unchanged
  • New England – $4.262, down one-tenth of a cent
  • Central Atlantic – $4.280, up one-tenth of a cent
  • Lower Atlantic – $4.109, down one-tenth of a cent
  • Midwest – $4.042, down four-tenths of a cent
  • Gulf Coast – $4.049, down six-tenths of a cent
  • Rocky Mountain – $4.125, down 1.1 cent
  • West Coast – $4.420, down 1.3 cents
  • California – $4.456, down 2 cents

ProMiles reported the daily average at $4.145 on Monday, down one-tenth of a cent over the weekend.

Washington state had the highest average by state at $4.518 per gallon. The daily average in California on Monday was $4.451 per gallon according to the ProMiles survey.

Indiana had the lowest average at $3.901 followed by Missouri at $3.924. South Carolina, Virginia and Oklahoma also had averages below $4.

Crude oil prices were on the move Monday following the release of U.S. and Chinese manufacturing data and a “disappointing” economic report in Europe, analysts at Reuters reported.

After an opening price of $102 per barrel on Monday morning, the price of U.S. light sweet crude crept back above $105 during a midday surge in New York. Light sweet crude is a preferred type of oil for diesel and gasoline production because of its viscosity and other properties important to refining.

In Europe, where light sweet crude from the North Sea is traded as “Brent crude,” the price was up to $125 a barrel after gaining $2 on Monday.

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