Diesel fuel rises nearly 7 cents to $3.981 nationally

| 9/3/2013

Diesel fuel prices jumped nearly 7 cents per gallon nationally, marking the third straight week of increases at the pump, according to figures from the U.S. Energy Information Administration.

Prices at the pump are now $3.981 nationally, but remain 14.6 cents below the national average a year ago.

The EIA reported price increases in all 10 regions of the country, with the highest average prices increases at 8.3 cents in the Midwest region. Prices rose an average of only 1 cent per gallon in the Rocky Mountain region over the last week, the lowest average increase.

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

  • U.S. – $3.981, up 6.8 cents
  • East Coast – $3.993, up 6.8 cents
  • New England – $4.087, up 4.3 cents
  • Central Atlantic – $4.055 up 7.5 cents
  • Lower Atlantic – $3.93 up 6.8 cents
  • Midwest – $3.967, up 8.3 cents
  • Gulf Coast – $3.829, up seven-tenths of a cent
  • Rocky Mountain – $3.937, up 1 cent
  • West Coast – $4.128, up 5.6 cents
  • California – $4.21, up 5.4 cents
  • West Coast less California – $4.032, up 5.9 cents

ProMiles, which surveys 9,400 fuel stops, reported the daily national average at $3.986 cents on Tuesday, Sept. 3.

Truckers in 20 states are paying an average of more than $4 per gallon for fuel. Truckers fueling up in Connecticut are paying an average price of $4.411 per gallon, according to ProMiles, the highest average price in the lower 48 states. Oregon truck drivers are paying the lowest prices at $3.792 per gallon.

In other energy news, the price of light sweet crude oil remains above $100 per barrel, closing at $108.56 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 $115.70, according to Bloomberg.