Diesel drops a penny per gallon

By Land Line staff | 6/3/2013

Diesel fuel prices dropped just over a penny for the second straight week, to close at an average national retail price of $3.869, according to figures from the U.S. Energy Information Administration.

Prices at the pump are roughly 2.3 cents higher than they were at this time last year.

The EIA reported decreases in nine of the 10 regions of the country, with the largest decrease coming in California at almost 2 cents per gallon. The Rocky Mountain region posted a modest increase of three-tenths of a cent.

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

  • U.S. – $3.869, down 1.1 cent
  • East Coast – $3.855, down nine-tenths of a cent
  • New England – $3.984, down seven-tenths of a cent
  • Central Atlantic – $3.920, down eight-tenths of a cent
  • Lower Atlantic – $3.783, down nine-tenths of a cent
  • Midwest – $3.90, down 1.9 cents
  • Gulf Coast – $3.77, down five-tenths of a cent
  • Rocky Mountain – $3.866, up three-tenths of a cent
  • West Coast – $3.968, down 1.8 cents
  • California – $4.025, down 1.9 cents
  • West Coast less California – $3.899, down 1.8 cents

ProMiles, which surveys 9,400 fuel stops, reported the daily national average is at $3.859 cents on Monday, June 3.

Drivers in Connecticut are paying an average price of $4.271 per gallon, according to ProMiles, the highest average price in the Lower 48. Virginia drivers are paying the lowest prices at $3.626 per gallon.

In other energy news, the price of light sweet crude oil remains above $90 per barrel, closing at $93.29 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 $102.07, according to Bloomberg.

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