Diesel fuel prices dipped slightly for the fourth consecutive week of price declines at the pump. The average national retail price of $3.841, according to figures from the U.S. Energy Information Administration, a decrease of eight-tenths of a cent.
Prices at the pump are roughly 11.2 cents higher than they were at this time last year.
The EIA reported decreases in half of the 10 regions of the country, with the largest decrease coming in the Midwest at 1.8 cents per gallon. Five regions saw prices increase slightly, with California seeing the largest increase at 1.4 cents per gallon.
Following are the weekly average prices for on-highway diesel as reported by the EIA:
- U.S. – $3.841, down eight-tenths of a cent
- East Coast – $3.835, down four-tenths of a cent
- New England – $3.98, up two-tenths of a cent
- Central Atlantic – $3.91, up three-tenths of a cent
- Lower Atlantic – $3.752, down 1 cent
- Midwest – $3.859, down 1.8 cents
- Gulf Coast – $3.741, down seven-tenths of a cent
- Rocky Mountain – $3.848, down 1.7 cents
- West Coast – $3.954 up nine-tenths of a cent
- California – $4.022, up 1.4 cents
- West Coast less California – $3.874, up four-tenths of a cent
ProMiles, which surveys 9,400 fuel stops, reported the daily national average is at $3.835 cents on Monday, June 17.
Drivers in Connecticut are paying an average price of $4.329 per gallon, according to ProMiles, the highest average price in the lower 48 states. Virginia drivers are paying the lowest prices at $3.586 per gallon.
In other energy news, the price of light sweet crude oil remains above $90 per barrel, closing at $97.84following 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 $105.60, according to Bloomberg.
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