Average diesel price ticks upward after hitting five-month low

By Kimberely Lennard, Land Line staff writer | Tuesday, January 22, 2013

After reaching the lowest average diesel prices since August 2012, fuel prices ticked upward for the week ending Jan. 21. Just the week before, the Jan. 15 report had the national average at $3.894, its lowest level since $3.85 for the week ending Aug. 6.

The U.S. Energy Information Administration reports the national average price of diesel at $3.902, a rise of eight-tenths of a cent over a week ago and 5.4 cents above the same week last year.

While prices in the New England region dropped a penny, the area still reports the highest average at $4.158. The Rocky Mountain region rose 1.7 cents, but remains lowest in national diesel prices at $3.678.

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

  • U.S. – $3.902, up eight-tenths of a cent
  • East Coast – $4.00, down two-tenths of a cent
  • New England – $4.158, down 1 cent
  • Central Atlantic – $4.089, down one-half cent
  • Lower Atlantic – $3.904, up three-tenths of a cent
  • Midwest – $3.845, up 1.1 cents
  • Gulf Coast – $3.831, up seven-tenths of a cent
  • Rocky Mountain – $3.678, up 1.7 cents
  • West Coast – $4.004, up 1.6 cents
  • West Coast less California – $3.911, up 1.1 cents
  • California – $4.082, up 1.9 cents

ProMiles, which surveys diesel prices daily at 9,400 truck stops, reported diesel prices at $3.876 on Tuesday, up seven-tenths of a cents from the previous Monday’s average of $3.869.

In separate energy news, midday trading in New York showed light sweet crude oil prices at $96.13, an increase of $1.97 over the previous Monday. Light sweet crude is the type most commonly associated with diesel production.

 

 

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