Diesel prices inch down but still higher than last year

By Kimberely Lennard, Land Line staff writer | 10/1/2012

The U.S. Energy Information Administration reports the national average price of diesel at $4.079 for the week ending Oct. 1. The price per gallon is seven-tenths a cent below the previous week, but 33 cents above the same week last year.

The New England and Gulf Coast regions saw a rise of four-tenths a cent while the rest of the nation saw a drop in diesel prices. The West Coast less California had the biggest drop of 3.7 cents. California registered the highest average price at $4.376.

The price of diesel as reported by EIA for each region is as follows:

  • U.S. – $4.079, down seven-tenths a cent
  • East Coast – $4.081, down 1.1 cents
  • New England – $4.195, up four-tenths a cent
  • Central Atlantic – $4.168, down two-tenths a cent
  • Lower Atlantic – $3.995, down 2 cents
  • Midwest – $4.013, down four-tenths a cent
  • Gulf Coast – $3.999, up four-tenths a cent
  • Rocky Mountain – $4.205, down 2.3 cents
  • West Coast – $4.301, down 2.2 cents
  • West Coast less California – $4.212, down 3.7 cents
  • California – $4.376, down 1 cent

ProMiles, which surveys diesel prices daily at 9,400 truck stops, reported diesel prices at $4.085, down one-tenth of a cent over Sunday and nine-tenths of a cent over a week ago. The highest price of diesel was reported in Connecticut at $4.435 and the lowest in Virginia at $3.851.

In separate energy news, midday trading in New York showed light sweet crude oil prices at $92.37, up 18 cents over Friday and 41 cents higher than this past Monday. Light sweet crude is the type most commonly associated with diesel production.

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