The average price of a gallon of on-highway diesel decreased nine-tenths of a cent to $3.925 per gallon for the week ending Monday, May 26, according to the U.S. Energy Information Administration.
Diesel price averages fell in eight of 10 regions in the U.S., according to the EIA. The largest average decrease came in the Midwest regions, where prices at the pump went down by 1.7 cents per gallon. Prices increased in the West Coast less California region by six-tenths of a cent, the largest increase.
Following are the average prices by region as reported by the EIA:
- U.S. – $3.925, down nine-tenths of a cent
- East Coast – $4.022, down five-tenths of a cent
- New England – $4.130, down nine-tenths of a cent
- Central Atlantic – $4.127, down nine-tenths of a cent
- Lower Atlantic – $3.916, down three-tenths of a cent
- Midwest – $3.884, down 1.7 cents
- Gulf Coast – $3.783, down eight-tenths of a cent
- Rocky Mountain – $3.946, down eight-tenths of a cent
- West Coast – $4.027, up two-tenths of a cent
- West Coast less California – $3.929, up six-tenths
- California – $4.109, down one-tenth 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 $3.865 on Monday morning, an eight-tenths of a cent decrease from last week.
TruckMiles.com listed the daily average price for Monday at $3.920, with truckers in Connecticut paying an average of $4.411 per gallon, the highest in the nation. Truckers in Oregon are paying $3.603 per gallon, according to the site. Truckers in 14 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 July delivery was trading at $104.04 on Tuesday afternoon, a $1.10 increase from last Monday and a 31 cent decrease from its last trading price. The price of Brent crude oil was listed at $110.18, a 57 cent increase from last Monday and a 14 cent decrease from its last trading price. According to Bloomberg, WTI prices have remained steady before economic data. The four-day low for Brent crude comes after news about the tensions between Russia and Ukraine are not expected to affect oil supplies, according to Bloomberg.
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