Diesel stays under $4 per gallon nationally

By Land Line staff | 4/8/2013

The average price of diesel fuel remains below $4 per gallon nationally for the second straight week according to data from the U.S. Energy Dept. The national average is listed as $3.977.

For the six 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 about 17 cents lower than the average price in April of 2012.

The U.S. Energy Information Administration reported decreases in 8 of 10 regions of the country. An increase of seven-tenths of a cent in West Coast states other than California, and a tenth of a cent increase in the West Coast region as a whole were the only increases. California prices dipped four-tenths of a cent this week after a 5.3-cent increase in diesel during the week of April 1 raised prices for the entire West Coast region. 

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

U.S. – $3.977, down 1.6 cents
East Coast – $4.009, down 1.6 cents
New England – $4.134, down 1.4 cents
Central Atlantic – $4.062, down 2.1 cents
Lower Atlantic – $3.946, down 1.2 cents
Midwest – $3.956, down 1.4 cents
Gulf Coast – $3.888, down 2.7 cents
Rocky Mountain – $3.899, down 2.3 cents
West Coast – $4.117, up .1 cents
California – $4.196, down .4 cents
West Coast less California – $4.023, up .7 cent

ProMiles, which surveys 9,400 fuel stops, reported the daily nationally average is at $3.963 cents on Monday, April 8.

Drivers in New York state are paying an average price of $4.231 per gallon, according to ProMiles. Oregon drivers are paying the lowest prices at $3.717 per gallon.

In other energy news, the price of light sweet crude oil closed at $93.59  per barrel during midday trading Monday according to the New York Mercantile Exchange. Light sweet crude is the type most commonly associated with diesel production.

In Europe, the price of Brent crude was listed at $104.90, according to Bloomberg.

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