Diesel fuel prices are fluctuating nationally by as much as 25 cents, while the national average continues a modest decrease for the fifth straight week to $3.838, according to figures from the U.S. Energy Information Administration, a decrease of eight-tenths of a cent.
Prices at the pump are roughly three-tenths of a cent lower than last week, but remain 16 cents higher than they were at this time last year.
The EIA reported increases in six of the 10 regions of the country, with the largest increase coming in California at 1.3 cents per gallon. Four regions saw prices decrease slightly, with the Midwest and Rocky Mountain regions each seeing dip of 1.2 cents per gallon.
Following are the weekly average prices for on-highway diesel as reported by the EIA:
- U.S. – $3.838, down three-tenths of a cent
- East Coast – $3.836, up one-tenth of a cent
- New England – $3.984, up four-tenths of a cent
- Central Atlantic – $3.902, down eight-tenths of a cent
- Lower Atlantic – $3.758, up six-tenths of a cent
- Midwest – $3.847, down 1.2 cents
- Gulf Coast – $3.74, down one-tenth of a cent
- Rocky Mountain – $3.836, down 1.2 cents
- West Coast – $3.963 up nine-tenths of a cent
- California – $4.035, up 1.3 cents
- West Coast less California – $3.879, up five-tenths of a cent
ProMiles, which surveys 9,400 fuel stops, reported the daily national average is at $3.829 cents on Monday, June 24.
Truckers in Connecticut are paying an average price of $4.317 per gallon, according to ProMiles, the highest average price in the lower 48 states. Virginia truck 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 $94.93 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 $101, according to Bloomberg.
Copyright © OOIDA