Average diesel prices drop slightly in all regions

By Land Line staff | 7/7/2014

The average price of a gallon of on-highway diesel decreased seven-tenths of a cent to $3.913 per gallon for the week ending Monday, July 7, according to the U.S. Energy Information Administration.

Diesel price averages went down in all 10 regions in the U.S., according to the EIA. The largest average decrease came in the Gulf Coast region, where prices at the pump went down by 1.4 cents per gallon. Prices went down three-tenths of a cent in the California region, the smallest decrease in the nation.

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

  • U.S. – $3.913, down seven-tenths of a cent
  • East Coast – $3.978, down five-tenths of a cent
  • New England – $4.098, down nine-tenths of a cent
  • Central Atlantic – $4.069, down four-tenths of a cent
  • Lower Atlantic – $3.882, down five-tenths of a cent
  • Midwest – $3.862, down seven-tenths of a cent
  • Gulf Coast – $3.802, down 1.4 cents
  • Rocky Mountain – $3.909, down eight-tenths of a cent
  • West Coast – $4.067, down six-tenths of a cent
  • West Coast less California – $3.985, down nine-tenths of a cent
  • California – $4.135, down three-tenths 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 $3.851 on Monday morning, a nine-tenths of a cent decrease from last week.

TruckMiles.com listed the daily average price for Monday at $3.909, with truckers in Connecticut paying an average of $4.392 per gallon, the highest in the nation. Truckers in Missouri are paying a national low of $3.66 per gallon, according to the site. Truckers in 12 of the Lower 48 states are paying in excess of $4 per gallon at the pump, one fewer 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 $103.92 on Monday afternoon, a $1.31 decrease from last Monday and a 14-cent decrease from its last trading price. The price of Brent crude oil for August settlement was listed at $110.40, a $2 decrease from last Monday and a 24-cent decrease from its last trading price.

According to Bloomberg, the decrease in prices reflects Libya preparing to increase exports after opening two ports that have been closed for a year. Brent prices are at a three-week low while WTI decreased for its seventh day in a row, its longest slide since December 2009, according to Bloomberg.

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