Holiday bounce lifts diesel prices to $3.844

By Land Line staff | Monday, November 25, 2013

Diesel prices rose for the first time since September to a national average of $3.844 per gallon, according to the U.S. Energy Information Administration.

The EIA reports that the national average price for fuel has risen by 2.2 cents per gallon as the nation enters the holiday season. The average price on Monday, Nov. 25, remains 19 cents below the national average from one year ago.

Diesel prices rose in eight of the 10 regions in the U.S., according to the EIA. Prices remained stagnant in the West Coast regions. The largest average increase came in the Midwest, where prices at the pump increased about 3.5 cents.

Following are the average prices by region as reported by the EIA:

  • U.S. – $3.844, up 2.2 cents
  • East Coast – $3.87, up 2.9 cents
  • New England – $4.003, up 2.2 cents
  • Central Atlantic – $3.919, up 2.9 cents
  • Lower Atlantic – $3.808, up 2.9 cents
  • Midwest – $3.829, up 3.5 cents
  • Gulf Coast – $3.753, up eight-tenths of a cent
  • Rocky Mountain – $3.837, up one-tenth of a cent
  • West Coast – $3.954, unchanged
  • West Coast less California – $3.872, unchanged
  • California – $4.023, up one-tenth of a cent

ProMiles, the software company that maintains the websites ProMiles.com and TruckMiles.com, continues to offer its own weekly fuel price information. The company’s fuel price data, which is available for free here, is presented in the same format used by the EIA in the agency’s weekly reports. The prices include a national average as well as regional averages, and comparisons to the previous week and the previous year.

A key difference between the EIA and ProMiles reporting is the type and number of fueling stations the company surveys in order to calculate its averages. While EIA surveys 400 truck stops and convenience stores nationwide, ProMiles uses its direct feed from thousands of truck stops to develop its averages.

According to ProMiles, the average retail price at truck stops is $3.793 on Monday morning, an increase of about 2.8 cents compared to last week.

TruckMiles.com listed the daily average price for Monday at $3.848, with truckers in Connecticut paying an average of $4.233 per gallon, the highest in the nation. Truckers in Oregon are paying only $3.572 per gallon, according to the site.

In separate energy news, according to the New York Mercantile Exchange, light sweet crude was trading at $94.19 on Monday. The price of Brent crude oil was listed at $110.87, according to Bloomberg.

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