Diesel prices increase for first time in six weeks

| 4/21/2014

The average price of a gallon of on-highway diesel increased 1.9 cents to $3.971 per gallon, according to the U.S. Energy Information Administration, the first increase since March 10.

Diesel prices rose in 8 of 10 regions in the U.S., according to the EIA. The largest average increase came in the West Coast less California Region, where prices at the pump went up by 5.2 cents per gallon. Prices decreased in the New England Region by eight-tenths of a cent.

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

  • U.S. – $3.971, up 1.9 cents
  • East Coast – $4.070, up two-tenths of a cent
  • New England – $4.212, down eight-tenths of a cent
  • Central Atlantic – $4.191, down two-tenths of a cent
  • Lower Atlantic – $3.953, up six-tenths of a cent
  • Midwest – $3.946, up 1.4 cents
  • Gulf Coast – $3.820, up 3.0 cents
  • Rocky Mountain – $3.976, up 3.4 cents
  • West Coast – $4.030, up 4.9 cents
  • West Coast less California – $3.945, up 5.2 cents
  • California – $4.102, up 4.6 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 $3.917 on Monday morning, an increase of about 2.3 cents compared to last week.

TruckMiles.com listed the daily average price for Tuesday at $3.973, with truckers in Connecticut paying an average of $4.483 per gallon, the highest in the nation. Truckers in Oregon are paying only $3.574 per gallon, according to the site. Truckers in 19 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 16 cent increase from last Monday and a 17 cent decrease from Friday.  The price of Brent crude oil was listed at $108.89, which is already on the June settlement, according to Bloomberg.

Also, the U.S. administration mentioned they will postpone any ruling on the Keystone XL pipeline. The pipeline will bring crude from Canada into the United States.

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