Diesel down almost a penny nationally

By Land Line staff | 9/17/2013

After remaining flat for two weeks, the average price of a gallon of on-highway diesel fuel fell nearly a penny to $3.974, according to figures from the U.S. Energy Information Administration.

Prices at the pump held steady at $3.981 nationally for the previous two weeks. Monday’s prices are about 16 cents lower than a year ago.

The EIA reported price decreases in 8 of the 10 regions of the country. Only the Rocky Mountain and California regions posted increases in the average price.

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

  • U.S. – $3.974, down seven-tenths of a cent
  • East Coast – $3.979, down nine-tenths of a cent
  • New England – $4.088, down three-tenths of a cent
  • Central Atlantic – $4.044, down 1.2 cents
  • Lower Atlantic – $3.91, down seven-tenths of a cent
  • Midwest – $3.957, down seven-tenths of a cent
  • Gulf Coast – $3.889, down nine tenths of a cent
  • Rocky Mountain – $3.941, up seven-tenths of a cent
  • West Coast – $4.138, down four-tenths of a cent
  • California – $4.228, up three-tenths of a cent
  • West Coast less California – $4.032, down 1.3 cents

ProMiles, which surveys 9,400 fuel stops, reported the daily national average at $3.967cents on Monday, Sept. 16.

Truckers in 15 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 $3.751 per gallon.

In other energy news, the price of light sweet crude oil remains above $100 per barrel, closing at $106.19 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 $109.72, according to Bloomberg.

Copyright © OOIDA