Diesel average eases 3 cents to $4.13

By Land Line staff | 3/4/2013

The national average price for on-highway diesel dropped nearly 3 cents to $4.130 per gallon for the week ending Monday, March 4, 2013.

The U.S. Energy Information Administration reported decreases in all 10 regions of the country, ranging from a penny to as much as 4.6 cents per gallon in New England.

Prior to the latest report, the national average had increased each week since mid-January, hitting a five-year high last week.

Following are the weekly average prices for on-highway diesel as reported by the EIA:

U.S. – $4.130, down 2.9 cents
East Coast – $4. 167, down 3.4 cents
New England – $4.298, down 4.6 cents
Central Atlantic – $4.235, down 2.7 cents
Lower Atlantic – $4.092, down 3.7 cents
Midwest – $4.085, down 3.6 cents
Gulf Coast – $4.065, down 2.4 cents
Rocky Mountain – $4.047, down 1 cent
West Coast – $4.280, down 1.9 cents
West Coast less California – $4.207, down 1.4 cents
California – $4.341, down 2.4 cents

ProMiles, which surveys 9,400 fuel stops, reported the daily average at $4.123 cents on Monday, down one-tenth of a penny overnight and about 3 cents for the week.

New York carried the highest tax-included average in the ProMiles survey at $4.359 per gallon. Rhode Island followed at $4.349. Missouri and Indiana tied for the lowest tax-included average at $3.89.

In other energy news, the price of light sweet crude oil fell below the $90 mark during mid-day trading Monday on the New York Mercantile Exchange. That’s down about 70 cents since Friday. Light sweet crude is the type most commonly associated with diesel production.

In Europe, the price of Brent crude has dropped about $9 in the past six weeks. The spot price on Monday was $110, according to Reuters analysts.

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