Diesel continues nationwide price dip

By Land Line staff | Monday, March 18, 2013

The national average price for on-highway diesel fell another 4 cents to $4.088 per gallon for the week ending Monday, March 18, 2013. This marks the third consecutive week diesel prices have dropped, after hitting a five-year high of $4.159 per gallon on Feb. 25. The current national average is roughly 9.5 cents lower than the average price in March of 2012.

The U.S. Energy Information Administration reported decreases in all 10 regions of the country, ranging from just under 3 cents in the Gulf Coast to as much as 6.8 cents per gallon in California.

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

  • U.S. -- $4.047, down  4.1 cents
  • East Coast -- $4.082, down 3.8 cents
  • New England -- $4.204, down 3.9 cents
  • Central Atlantic -- $4.140, down 3.1 cents
  • Lower Atlantic -- $4.016, down 4.2 cents
  • Midwest -- $4.015, down 2.8 cents
  • Gulf Coast -- $3.989, down 4.7 cents
  • Rocky Mountain -- $3.971, down 3.9 cents
  • West Coast -- $4.162, down 6.5 cents
  • West Coast less California -- $4.105, down 6 cents
  • California -- $4.212, down 6.8 cents

ProMiles, which surveys 9,400 fuel stops, reported the daily average at $4.032 cents on Monday, down two-tenths of one cent from Sunday’s survey results.

Maine boasted the highest tax-included average in the ProMiles survey at $4.282 per gallon, followed by New York at $4.275. Missouri once again had the lowest tax-included average at $3.823, narrowly edging Oklahoma ($3.825) and Oregon ($3.826).

In other energy news, the price of light sweet crude oil closed at $90.87 per barrel during mid-day trading Monday according to the New York Mercantile Exchange, down from a February price of $95.43. Light sweet crude is the type most commonly associated with diesel production.

In Europe, the price of Brent crude was listed at $109.40, according to Reuters.

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