Diesel prices hovering at $3.90

By Land Line staff | 8/19/2013

After two weeks of modest declines, the average price of a gallon of highway diesel fuel rose ever so slightly to $3.90, according to figures from the U.S. Energy Information Administration.

Prices at the pump are up roughly four-tenths of a cent nationally compared with one week ago. The price is still 12.6 cents below the national average a year ago.

The EIA reported rising prices in six of the 10 regions of the country, with the highest average prices in the California region at $4.134. In the West Coast region excluding California, the average price of diesel rose 1.9 cents per gallon, the largest increase in the country over the last week.

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

  • U.S. – $3.90, up four-tenths of a cent
  • East Coast – $3.912, up four-tenths of a cent
  • New England – $4.036, down nine-tenths of a cent
  • Central Atlantic – $3.967, down five-tenths of a cent
  • Lower Atlantic – $3.848, up 1.4 cents
  • Midwest – $3.868, up six-tenths of a cent
  • Gulf Coast – $3.822, down two-tenths of a cent
  • Rocky Mountain – $3.92, down 1 cent
  • West Coast – $4.057, up 1.2 cents
  • California – $4.134, up six-tenths of a cent
  • West Coast less California – $3.965, down 1.9 cents

ProMiles, which surveys 9,400 fuel stops, reported the daily national average at $3.904 cents on Monday, Aug. 19.

Truckers in Connecticut are paying an average price of $4.314 per gallon, according to ProMiles, the highest average price in the lower 48 states. Oregon truck drivers are paying the lowest prices at $3.691 per gallon.

In other energy news, the price of light sweet crude oil remains above $100 per barrel, closing at $107 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 $109.70, according to Bloomberg.

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