On-highway diesel dips for first time in 2014

By Land Line staff | 1/13/2014

The average cost of a gallon of diesel fuel fell 2.4 cents to $3.886, according to the latest figures from the U.S. Energy Information Administration.

Prices had been on a modest increase over the last three weeks. The new price is roughly eight-tenths of a cent below the national average from a year ago.

Diesel prices are down in all 10 regions in the U.S., according to the EIA; however, prices in three regions are as much as 2 cents per gallon higher than they were in January 2013. The largest average decrease came in the West Coast less California region, where prices at the pump fell about 4.3 cents.

Prices in the Midwest, Rocky Mountain, and California regions are up 2 cents, 2.25 cents, and 2.2 cents respectively over 2013.

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

  • U.S. – $3.886, down 2.4 cents
  • East Coast – $3.94, down 1 cent
  • New England – $4.107, down eight-tenths of a cent
  • Central Atlantic – $4.045, down one-tenth of a cent
  • Lower Atlantic – $3.831, down 1.6 cents
  • Midwest – $3.854, down 3.4 cents
  • Gulf Coast – $3.78, down 2.2 cents
  • Rocky Mountain – $3.886, down 1.5 cents
  • West Coast – $3.996, down 3.8 cents
  • West Coast less California – $3.891, down 4.3 cents
  • California – $4.085, down 3.4 cents

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.

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