Price of diesel fuel up a penny per gallon

By Land Line staff | 7/8/2013

Diesel fuel prices rose for the first time in six weeks to a national average of $3.828, according to figures from the U.S. Energy Information Administration.

Prices at the pump are roughly 1.1 cents higher than last week, and remain 14.5 cents higher than they were at this time last year.

The EIA reported increases in eight of the 10 regions of the country, with the largest spike coming in the Lower Atlantic at 2.6 cents. Diesel prices in the New England and Rocky Mountain regions fell only six-tenths of a cent and eight-tenths of a cent, respectively.

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

  •     U.S. – $3.828, up 1.1 cents
  •     East Coast – $3.831, up 1.4 cents
  •     New England – $3.965, down six-tenths of a cent
  •     Central Atlantic – $3.895, up three-tenths of a cent
  •     Lower Atlantic – $3.757, up 2.6 cents
  •     Midwest – $3.821, up six-tenths of a cent
  •     Gulf Coast – $3.753, up 1.9 cents
  •     Rocky Mountain – $3.811, down eight-tenths of a cent
  •     West Coast – $3.951 up nine-tenths of a cent
  •     California – $4.026, up 1.1 cents
  •     West Coast less California – $3.864, up eight-tenths of a cent

ProMiles, which surveys 9,400 fuel stops, reported the daily national average at $3.818 cents on Monday, July 8.

Truckers in Connecticut are paying an average price of $4.252 per gallon, according to ProMiles, the highest average price in the Lower 48 states. Virginia truck drivers are paying the lowest prices at $3.613 per gallon.

In other energy news, the price of light sweet crude oil remains above $100 per barrel, closing at $102.83 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 $106.95, according to Bloomberg.

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