Diesel prices on the rise 2.1 cents

By Land Line staff | 5/13/2013

After 10 straight weeks of falling prices, diesel has increased 2.1 cents for a nationwide average of $3.866, according to data from the U.S. Department of Energy.

Prices had fallen for 10 consecutive weeks after hitting a five-year high of $4.159 per gallon on Feb. 25.

The U.S. Energy Information Administration reported increases in nine of the 10 regions of the country, with the largest increases coming in the Midwest, West Coast and California regions. Only the Central Atlantic region saw a dip in price, and even that decrease was only a modest tenth of one cent per gallon. California remains the only region in the country with an average price of more than $4, at $4.042 per gallon.

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

  • U.S. – $3.866, up 2.1 cents
  • East Coast – $3.865, up two-tenths of a cent
  • New England – $3.995, up nine-tenths of a cent
  • Central Atlantic – $3.91, down one-tenth of a cent
  • Lower Atlantic – $3.807 up three-tenths of a cent
  • Midwest – $3.909, up 4.1 cents
  • Gulf Coast – $3.739, up four-tenths of a cent
  • Rocky Mountain – $3.822, up 1.8 cents
  • West Coast – $3.969, up 4.6 cents
  • California – $4.042, up 4.1 cents
  • West Coast less California – $3.883, up 5.3 cents

ProMiles, which surveys 9,400 fuel stops, reported the daily national average is at $3.853 cents on Monday, May 13.

Drivers in Connecticut are paying an average price of $4.223 per gallon, according to ProMiles, the highest average price in the Lower 48. Mississippi drivers are paying the lowest prices at $3.654 per gallon.

In other energy news, the price of light sweet crude oil remains above $90 per barrel, closing at $95.04 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 $102.70, according to Bloomberg.

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