Diesel prices down 1.6 cents to just under $4

| Tuesday, April 08, 2014

The average price of a gallon of on-highway diesel dropped 1.6 cents to $3.959 per gallon, according to the U.S. Energy Information Administration.

Diesel prices fell in all 10 regions in the U.S., according to the EIA. The largest average decrease came in the Central Atlantic Region, where prices at the pump dropped by 3.6 cents per gallon. Prices fell in the California Region by just a fraction of a cent, the lowest average decrease.

Following are the average prices by region as reported by the EIA:
U.S. – $3.959, down 1.6 cents
East Coast – $4.075, down 1.9 cents
New England – $4.240, down 1.5 cents
Central Atlantic – $4.205, down 3.6 cents
Lower Atlantic – $3.946, down nine-tenths of a cent
Midwest – $3.942, down 1.7 cents
Gulf Coast – $3.793, down 1.1 cents
Rocky Mountain – $3.955, down 2 cents
West Coast – $3.982, down eight-tenths of a cent
West Coast less California – $3.894, down 1.4 cents
California – $4.056, down four-tenths 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 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 $3.900 on Monday morning, a decrease of about 1.4 cents compared to last week.

TruckMiles.com listed the daily average price for Tuesday at $3.955, with truckers in Connecticut paying an average of $4.453 per gallon, the highest in the nation. Truckers in Oregon are paying only $3.499 per gallon, according to the site. Truckers in 17 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 for May delivery was trading at $100.44 on Monday afternoon, the first drop in three days. Bloomberg reports that the decrease in prices may be due to Libyan rebels losing control of two oil ports to government, which will allow the country to increase exports. The price of Brent crude oil was listed at $105.82, a 90 cent drop that was also in response to the Libyan ports opening, according to Bloomberg.

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