The average price of a gallon of on-highway diesel increased one-tenth of a cent to $3.920 per gallon for the week ending Monday, June 30, according to the U.S. Energy Information Administration.
Diesel price averages went up in seven of ten 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 2.1 cents per gallon. Prices went down six-tenths of a cent in the Lower Atlantic and Midwest regions, the largest decrease in the nation.
Following are the average prices by region as reported by the EIA:
- U.S. – $3.920, up one-tenth of a cent
- East Coast – $3.983, down two-tenths of a cent
- New England – $4.107, up five-tenths of a cent
- Central Atlantic – $4.073, up two-tenths of a cent
- Lower Atlantic – $3.887, down six-tenths of a cent
- Midwest – $3.869, down six-tenths of a cent
- Gulf Coast – $3.816, up three-tenths of a cent
- Rocky Mountain – $3.917, up four-tenths of a cent
- West Coast – $4.073, up 2.0 cents
- West Coast less California – $3.994, up 2.1 cents
- California – $4.138, up 1.9 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 $3.860 on Monday morning, a three-tenths of a cent increase from last week.
TruckMiles.com listed the daily average price for Monday at $3.918, with truckers in Connecticut paying an average of $4.411 per gallon, the highest in the nation. Truckers in Missouri are paying a national low of $3.684 per gallon, according to the site. Truckers in 13 of the Lower 48 states are paying in excess of $4 per gallon at the pump, five more than last week.
In separate energy news, according to the New York Mercantile Exchange, light sweet crude (also known as West Texas Intermediate) for August delivery was trading at $105.23 on Monday afternoon, a $2.22 decrease from last Monday and a 51-cent decrease from its last trading price. The price of Brent crude oil for August settlement was listed at $112.40, a $3.26 decrease from last Monday and a 90-cent decrease from its last trading price.
According to Bloomberg, the lack of militant activity in Iraq’s largest oil-producing region has put investors more at ease. The shift from a militant takeover of refineries to a downgrade in the Iraq conflict has lowered Brent prices from its highest monthly gain since last August, according to Bloomberg.
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