Diesel drops another penny to $3.873 nationally

By Land Line staff | 1/21/2014

The average cost of a gallon of diesel fuel fell for the second straight week, according to the latest figures from the U.S. Energy Information Administration.

Prices saw a modest decrease of 1.3 cents to a new national average of $3.873. The new price is roughly three cents below the national average from a year ago.

Diesel prices are down in seven of 10 regions in the U.S., according to the EIA. Prices along the East Coast, New England and Central Atlantic regions all rose slightly. The largest average decrease came in the West Coast and West Coast less California regions, where prices at the pump fell by three cents.

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

  • U.S. – $3.873, down 1.3 cents
  • East Coast – $3.946, up six-tenths of a cent
  • New England – $4.118, up 1.1 cents
  • Central Atlantic – $4.06, up 1.5 cents
  • Lower Atlantic – $3.829, down two-tenths of a cent
  • Midwest – $3.83, down 2.4 cents
  • Gulf Coast – $3.771, down nine-tenths of a cent
  • Rocky Mountain – $3.86, down 2.6 cents
  • West Coast – $3.966, down 3 cents
  • West Coast less California – $3.861, down 3 cents
  • California – $4.056, down 2.9 cents

ProMiles, the software company that maintains the websites ProMiles.com and TruckMiles.com, reported that the average price of fuel was $3.879 nationally on Tuesday, Jan. 21.

In other energy news, the price of light sweet crude oil closed at $94.99 per barrel on Tuesday. The price of Brent crude oil closed at $106.85, according to Bloomberg.

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