Diesel prices nearly stagnant at $3.845 nationwide

By Land Line staff | 5/6/2013

Diesel prices dropped a mere six-tenths of a cent to a nationwide average of $3.845, according to data from the U.S. Department of Energy.

The price remains about 21 cents cheaper than in May of 2012, when a gallon of fuel cost $4.075 cents on average.

Prices fell for the 10th consecutive week after hitting a five-year high of $4.159 per gallon on Feb. 25.

The U.S. Energy Information Administration reported decreases in nine of the 10 regions of the country. Only the Midwest region saw an increase of 2.9 cents per gallon, bringing the average price to $3.868. And only California has an average price of more than $4, at $4.001 per gallon.

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

  • U.S. – $3.845, down six-tenths of a cent
  • East Coast – $3.863, down 2.3 cents
  • New England – $3.986, down seven-tenths of a cent
  • Central Atlantic – $3.911, down 2.3 cents
  • Lower Atlantic – $3.804 down 2.7 cents
  • Midwest – $3.868, up 2.9 cents
  • Gulf Coast – $3.735, down 2.2 cents
  • Rocky Mountain – $3.804, down sixth-tenths of a cent
  • West Coast – $3.923, down 2.6 cents
  • California – $4.001, down 4.6 cents
  • West Coast less California – $3.830, down three-tenths of a cent

ProMiles, which surveys 9,400 fuel stops, reported the daily national average is at $3.826 cents on Monday, May 6.

Drivers in Connecticut are paying an average price of $4.159 per gallon, according to ProMiles, the highest average price in the Lower 48. Oregon drivers are paying the lowest prices at $3.606 per gallon.

In other energy news, the price of light sweet crude oil remains above $90 per barrel, closing at $95.74 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 $105.25, according to Bloomberg.

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