Diesel fuel prices rose for the fourth straight week to a national average of $3.915, according to figures from the U.S. Energy Information Administration.
Prices at the pump are up 1.2 cents above last week, and remain nearly 12 cents higher than they were at this time last year.
The EIA reported increases in all 10 regions of the country, with the largest spike coming in the Rocky Mountain region at 4.7 cents. Diesel prices in the Gulf Coast and Lower Atlantic regions rose by only four-tenths of a cent, the smallest average increase nationally.
Following are the weekly average prices for on-highway diesel as reported by the EIA:
- U.S. – $3.915, up 1.2 cents
- East Coast – $3.931, up 1.2 cents
- New England – $4.061, up 1.4 cents
- Central Atlantic – $3.993, up 2.2 cents
- Lower Atlantic – $3.861, up four-tenths of a cent
- Midwest – $3.886, up 1.1 cents
- Gulf Coast – $3.845 up four-tenths of a cent
- Rocky Mountain – $3.913, up 4.7 cents
- West Coast – $4.052, up 1.1 cents
- California – $4.122, nine-tenths of a cent
- West Coast less California – $3.970, up 1.4 cents
ProMiles, which surveys 9,400 fuel stops, reported the daily national average at $3.918 cents on Monday, July 22.
Truckers in Connecticut are paying an average price of $4.375 per gallon, according to ProMiles, the highest average price in the lower 48 states. Missouri truck drivers are paying the lowest prices at $3.699 per gallon.
In other energy news, the price of light sweet crude oil remains above $100 per barrel, closing at $104.43 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 $107.50, according to Bloomberg.
Copyright © OOIDA