The average price of a gallon of on-highway diesel decreased 2.5 cents to $3.869 per gallon for the week ending Monday, July 21, 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 Central Atlantic region, where prices at the pump went down by 3.7 cents per gallon. Prices went down seven-tenths of a cent in the Rocky Mountain region, the smallest decrease in the nation.
Following are the average prices by region as reported by the EIA:
- U.S. – $3.869, down 2.5 cents
- East Coast – $3.928, down 3.3 cents
- New England – $4.052, down 2.6 cents
- Central Atlantic – $4.014, down 3.7 cents
- Lower Atlantic – $3.836, down 3.0 cents
- Midwest – $3.810, down 2.7 cents
- Gulf Coast – $3.773, down 1.4 cents
- Rocky Mountain – $3.889, down seven-tenths of a cent
- West Coast – $4.026, down 2.6 cents
- West Coast less California – $3.942, down 2.9 cents
- California – $4.096, down 2.3 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 $3.807 on Monday morning, a 2.2 cent decrease from last week.
TruckMiles.com listed the daily average price for Monday at $3.866, with truckers in Connecticut paying an average of $4.371 per gallon, the highest in the nation. Truckers in Missouri are paying a national low of $3.609 per gallon, according to the site. Truckers in eight 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 August delivery, which expires on Tuesday, was trading at $103.43 on Monday afternoon, a $3.17 increase from last Monday and a 30-cent increase from its last trading price. The price of Brent crude oil for September settlement was listed at $107.09, a 40-cent decrease from last Monday and a 15-cent decrease from its last trading price.
According to Bloomberg, Russian supplies are not expected to be affected by the Malaysian Air flight that went down over the Ukraine. WTI’s two-week high stems from increased demand after U.S. refineries operated at a nine-year high rate, according to Bloomberg.
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