Diesel drops another 2 cents; still almost seven cents higher than 2012 price

By Land Line staff | 6/10/2013

Diesel fuel prices fell by 2 cents per gallon nationally, marking the third straight week of price declines.at the pump. The average national retail price of $3.849, according to figures from the U.S. Energy Information Administration.

Prices at the pump are roughly 6.8 cents higher than they were at this time last year.

The EIA reported decreases in all 10 regions of the country, with the largest decrease coming in the West Coast less California region at almost 3 cents per gallon. California remains the only region in which the price of fuel is more than $4 per gallon on average.

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

  • U.S. – $3.849, down 2 cents
  • East Coast – $3.839, down 1.6 cents
  • New England – $3.978, down six-tenths of a cent
  • Central Atlantic – $3.907, 1.3 cents
  • Lower Atlantic – $3.762, down 2.1 cents
  • Midwest – $3.877, down 2.3 cents
  • Gulf Coast – $3.748, down 2.2 cents
  • Rocky Mountain – $3.865, one-tenth of a cent
  • West Coast – $3.945, down 2.3 cents
  • California – $4.008, down 1.7 cents
  • West Coast less California – $3.87, down 2.9 cents

ProMiles, which surveys 9,400 fuel stops, reported the daily national average is at $3.838 cents on Monday, June 10.

Drivers in Connecticut are paying an average price of $4.311 per gallon, according to ProMiles, the highest average price in the Lower 48. Virginia drivers are paying the lowest prices at $3.614 per gallon.

In other energy news, the price of light sweet crude oil remains above $90 per barrel, closing at $95.75 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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