Diesel prices down by just a fraction of a cent

| 4/15/2014

The average price of a gallon of on-highway diesel dropped seven-tenths of a cent to $3.952 per gallon, according to the U.S. Energy Information Administration.

Diesel prices fell in 9 of 10 regions in the U.S., according to the EIA. The largest average decrease came in the New England Region, where prices at the pump dropped by 2.0 cents per gallon. Prices increased in the Lower Atlantic Region by one-tenth of a cent.

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

  • U.S. – $3.952, down seven-tenths of a cent
  • East Coast – $4.068, down seven-tenths of a cent
  • New England – $4.220, down 2.0 cents
  • Central Atlantic – $4.193, down 1.2 cents
  • Lower Atlantic – $3.947, up one-tenth of a cent
  • Midwest – $3.932, down 1.0 cents
  • Gulf Coast – $3.790, down three-tenths of a cent
  • Rocky Mountain – $3.942, down 1.3 cents
  • West Coast – $3.981, down one-tenth of a cent
  • West Coast less California – $3.893, down one-tenth of a cent
  • California – $4.056, no change

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 $3.894 on Monday morning, a decrease of about six-tenths of a cent compared to last week.

TruckMiles.com listed the daily average price for Tuesday at $3.945, with truckers in Connecticut paying an average of $4.475 per gallon, the highest in the nation. Truckers in Oregon are paying only $3.497 per gallon, according to the site. Truckers in 15 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 (also known as West Texas Intermediate) for May delivery was trading at $103.97 on Monday afternoon, a slight decrease from previous days. Bloomberg reports that the decrease in prices may be due to Libya’s National Oil Corp. preparing to resume exports from its Hariga terminal. The price of Brent crude oil was listed at $108.70, a 0.3 percent drop that was also in response to the Hariga terminal resuming exports, according to Bloomberg.

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