Diesel prices fall for sixth consecutive week

By Land Line staff | 6/9/2014

The average price of a gallon of on-highway diesel decreased 2.6 cents to $3.892 per gallon for the week ending Monday, June 9, according to the U.S. Energy Information Administration.

Diesel price averages 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 went down by 3.7 cents per gallon. Prices fell by 1.4 cents in the Gulf Coast region, the lowest decrease in the nation.

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

  • U.S. – $3.892, down 2.6 cents
  • East Coast – $3.983, down 3.0 cents
  • New England – $4.092, down 3.2 cents
  • Central Atlantic – $4.079, down 3.7 cents
  • Lower Atlantic – $3.886, down 2.4 cents
  • Midwest – $3.845, down 2.9 cents
  • Gulf Coast – $3.769, down 1.4 cents
  • Rocky Mountain – $3.909, down 2.7 cents
  • West Coast – $3.995, down 2.6 cents
  • West Coast less California – $3.899, down 2.4 cents
  • California – $4.074, down 2.9 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 $3.831 on Monday morning, a 2.5 cent decrease from last week.

TruckMiles.com listed the daily average price for Monday at $3.879, with truckers in Connecticut paying an average of $4.411 per gallon, the highest in the nation. Truckers in Oregon are paying a national low of $3.61 per gallon, according to the site. Truckers in nine of the Lower 48 states are paying in excess of $4 per gallon at the pump, the first time this year to hit single digits.

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 $103.93 on Monday afternoon, a $1.79 increase from last Monday and a $1.27 increase from its last trading price. The price of Brent crude oil was listed at $109.79, a $1.05 increase from last Monday and a $1.18 increase from its last trading price.

According to Bloomberg, the increase in prices is due to indications of a stronger global economy combined with possible disruption in Libya supplies as a result of political strains.

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