Diesel prices down another 3.5 cents nationally

By Land Line staff | 4/15/2013

Diesel fuel prices continued a slow and steady decline, dropping another 3.5 cents nationally for an average price of $3.942 per gallon, according to data from the U.S. Energy Dept.

This is the seventh 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 18.5 cents lower than the average price in April of 2012.

The U.S. Energy Information Administration reported decreases in all 10 regions of the country. The most significant decreases were seen on the West Coast, and in California, with prices falling an average of 5.1 cents and 5.3 cents per gallon, respectively.

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

  • U.S. – $3.942, down 3.5 cents
  • East Coast – $3.977, down 3.2 cents
  • New England – $4.105, down 2.9 cents
  • Central Atlantic – $4.032, down 3 cents
  • Lower Atlantic – $3.911, down 3.5 cents
  • Midwest – $3.923, down 3.3 cents
  • Gulf Coast – $3.852, down 3.6 cents
  • Rocky Mountain – $3.882, down 1.7 cents
  • West Coast – $4.066, down 5.1 cents
  • California – $4.147, down 4.9 cents
  • West Coast less California – $3.970, down 5.3 cent

ProMiles, which surveys 9,400 fuel stops, reported the daily nationally average is at $3.925 cents on Monday, April 15.

Drivers in Connecticut are paying an average price of $4.199 per gallon, according to ProMiles, the highest average price in the Lower 48. Oregon drivers are paying the lowest prices at $3.70 per gallon.

In other energy news, the price of light sweet crude oil fell below $90 per barrel, closing at $88.14 following 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 $100.39, according to Bloomberg.

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