Diesel down to $3.85 per gallon nationally

By Land Line staff | 4/29/2013

Another week, another dip in the national average price per gallon of diesel fuel.

After a decrease of 3.6 cents per gallon, the price of diesel fuel now stands at $3.851, roughly 22 cents lower than the national average from one year ago, according to data from the U.S. Energy Department.

This is the ninth 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 19.8 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. Nine of the 10 regions are under $4 per gallon. Only California has an average price of more than $4, at $4.047 per gallon.

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

  •     U.S. – $3.851, down 3.6 cents
  •     East Coast – $3.886, down 3.8 cents
  •     New England – $3.993, down 3.4 cents
  •     Central Atlantic – $3.934, down 4.8 cents
  •     Lower Atlantic – $3.831 down 3.1 cents
  •     Midwest – $3.839, down 2.9 cents
  •     Gulf Coast – $3.757, down 4.5 cents
  •     Rocky Mountain – $3.810, down 3.6 cents
  •     West Coast – $3.949, down 4.1 cents
  •     California – $4.047, down 3.2 cents
  •     West Coast less California – $3.833, down 5.2 cents

ProMiles, which surveys 9,400 fuel stops, reported the daily nationally average is at $3.831 cents on Monday, April 29.

Drivers in Connecticut are paying an average price of $4.171 per gallon, according to ProMiles, the highest average price in the Lower 48. Oregon drivers are paying the lowest prices at $3.604 per gallon.

In other energy news, the price of light sweet crude oil rose above $90 per barrel, closing at $94.34 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 $103.77, according to Bloomberg.

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