Diesel average at $3.975

By Land Line staff | 4/28/2014

The average price of a gallon of on-highway diesel increased four-tenths of a cent to $3.975 per gallon for the week ending Monday, April 28, according to the U.S. Energy Information Administration, making it the second consecutive increase.

Diesel price averages rose in six of 10 regions in the U.S., according to the EIA. The largest average increase came in the California Region, where prices at the pump went up by 3.8 cents per gallon. Prices decreased in the Central Atlantic Region by six-tenths of a cent, the highest decrease.

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

  • U.S. – $3.975, up four-tenths of a cent
  • East Coast – $4.065, down five-tenths of a cent
  • New England – $4.208, down four-tenths of a cent
  • Central Atlantic – $4.185, down six-tenths of a cent
  • Lower Atlantic – $3.949, down four-tenths of a cent
  • Midwest – $3.947, up one-tenth of a cent
  • Gulf Coast – $3.824, up four-tenths of a cent
  • Rocky Mountain – $3.982, up six-tenths of a cent
  • West Coast – $4.055, up 2.5 cents
  • West Coast less California – $3.954, up nine-tenths of a cent
  • California – $4.140, up 3.8 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, no change from last week.

TruckMiles.com listed the daily average price for Monday at $3.971, with truckers in Connecticut paying an average of $4.466 per gallon, the highest in the nation. Truckers in Oregon are paying only $3.613 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 June delivery was trading at $101.01 on Monday afternoon, a $2.96 decrease from last Monday and a 41 cent increase from its last trading price. The price of Brent crude oil was listed at $109.41, a 52 cent increase from last Monday and a 17 cent decrease from its last trading price. According to Bloomberg, the thinning of the price gap between WTI and Brent oil is due to speculation that supplies in Cushing, Okla., fell last week. Cushing is a vital trading hub for crude oil and is used as a price settlement point for WTI oil.

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