Diesel drops again; nears $4 per gallon mark

By Kimberely Lennard, Land Line staff writer | 11/5/2012

Diesel dropped another 2 cents in the past week – totaling a 14-cent decline in four weeks’ time – to bring the national average to within 1 cent of the $4 per gallon mark. The last time diesel averaged less than $4 a gallon was in mid August.

The U.S. Energy Information Administration reports the national average price of diesel at $4.01 for the week ending Nov. 5. The national average remains 12.3 cents above the same week last year.

The New England and Central Atlantic regions saw increases of six-tenths cent, while all other regions saw a drop. California diesel prices dropped 4.3 cents, but the region remains the highest priced at $4.225. The region with the lowest price is the Lower Atlantic at $3.910.

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

  • U.S. – $4.010, down 2 cents
  • East Coast – $4.034, down two-tenths cent
  • New England – $4.211, up six-tenths cent
  • Central Atlantic – $4.155, up six-tenths cent
  • Lower Atlantic – $3.910, down 1.1 cents
  • Midwest – $3.959, down 2.5 cents
  • Gulf Coast – $3.920, down 2.5 cents
  • Rocky Mountain – $4.160, down 3.5 cents
  • West Coast – $4.153, down 3.4 cents
  • West Coast less California – $4.068, down 2.4 cents
  • California – $4.225, down 4.3 cents

ProMiles, which surveys diesel prices daily at 9,400 truck stops, reported diesel prices at $4.023, six-tenths of a cent below Sunday’s prices and 3.1 cents lower than this past Monday. Virginia offered the lowest priced diesel at $3.778 and Rhode Island the highest at $4.479, a difference of 70.1 cents.

In separate energy news, midday trading in New York showed light sweet crude oil prices at $85.75 on Monday, an increase of 89 cents over Friday. Light sweet crude is the type most commonly associated with diesel production.

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