Diesel up another 2.8 cents to $4.017

By Land Line staff | 2/24/2014

The average price of a gallon of on-highway diesel rose another 2.8 cents to $4.017 per gallon, according to the U.S. Energy Information Administration.

The EIA reports that the national average price for fuel is at its highest point in 22 weeks. The average price on Monday, Feb. 24, was approximately 14.2 cents below the national average from one year ago.

Diesel prices rose in all 10 regions in the U.S., according to the EIA. The largest average increase came in the Rocky Mountain Region, where prices at the pump increased by 4.5 cents per gallon.

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

  • U.S. – $4.017, up 2.8 cents
  • East Coast – $4.148, up 1.9 cents
  • New England – $4.386, up 1.3 cents
  • Central Atlantic – $4.358, up one-tenth of a cent
  • Lower Atlantic – $3.947, up 3.4 cents
  • Midwest – $4.025, up 3.2 cents
  • Gulf Coast – $3.806, up 2.3 cents
  • Rocky Mountain – $3.95, up 4.5 cents
  • West Coast – $4.35, up 3.5 cents
  • West Coast less California – $3.948, up 3.7 cent
  • California – $4.109, up 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 are 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 was $3.963 on Monday morning, an increase of about 2.8 cents compared to last week.

TruckMiles.com listed the daily average price for Tuesday at $4.029, with truckers in Connecticut paying an average of $4.611 per gallon, the highest in the nation. Truckers in Oregon are paying only $3.635 per gallon, according to the site. Truckers in 22 of the Lower 48 states are paying in excess of $4 per gallon at the pump.

In separate energy news, according to the New York Mercantile Exchange, light sweet crude was trading at $102.66 on Tuesday afternoon. The price of Brent crude oil was listed at $110.61, according to Bloomberg.

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