Diesel prices dip another 1.3 cents

By Land Line staff | 8/12/2013

The price of on-highway diesel fuel fell for the second straight week, according to figures from the U.S. Energy Information Administration.

Prices at the pump are down 1.3 cents nationally to a price of $3.896. That price is nearly a full 7 cents below the national average a year ago.

The EIA reported declining prices in all of the 10 regions of the country, with the lowest average prices in the Gulf Coast region at $3.824. In the West Coast region excluding California, the average price of $3.946 per gallon was 13 cents less than the regional price in August of 2012.

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

  • U.S. – $3.896, down 1.3 cents
  • East Coast – $3.908, down 1.1 cents
  • New England – $4.045, down 1.1 cents
  • Central Atlantic – $3.972, down 1.1 cents
  • Lower Atlantic – $3.834, down 1.1 cents
  • Midwest – $3.862, down 1.6 cents
  • Gulf Coast – $3.824, down 1.7 cents
  • Rocky Mountain – $3.93, down one-tenth of a cent
  • West Coast – $4.045, down nine-tenths of a cent
  • California – $4.1.28, down five-tenths of a cent
  • West Coast less California – $3.946, down 1.5 cents

ProMiles, which surveys 9,400 fuel stops, reported the daily national average at $3.893 cents on Monday, Aug. 12.

Truckers in Connecticut are paying an average price of $4.325 per gallon, according to ProMiles, the highest average price in the lower 48 states. Oklahoma truck drivers are paying the lowest prices at $3.692 per gallon.

In other energy news, the price of light sweet crude oil remains above $100 per barrel, closing at $106.22 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 $109.04, according to Bloomberg.

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