The average price of a gallon of on-highway diesel increased 2 cents from last week to $2.119 per gallon for the week ending Monday, March 21. This marks the fifth consecutive weekly increase after decreases that started back in November.
Diesel price averages went up in all 10 regions in the U.S., according to the Energy Information Administration. The largest average increase was in the Rocky Mountain region, where prices at the pump rose by 5.7 cents per gallon. Prices were up one-tenth of a cent in the Gulf Coast region, the smallest increase in the nation.
Following are the average prices by region as reported by the EIA:
- U.S. – $2.119, up 2 cents
- East Coast – $2.172, up 1.9 cents
- New England – $2.228, up 2.4 cents
- Central Atlantic – $2.28, up 3.1 cents
- Lower Atlantic – $2.079, up nine-tenths of a cent
- Midwest – $2.09, up 2.5 cents
- Gulf Coast – $1.991, up one-tenth of a cent
- Rocky Mountain – $2.056, up 5.7 cents
- West Coast – $2.311, up 2.6 cent
- West Coast less California – $2.179, up 2.6 cents
- California – $2.418, up 2.8 cents
According to ProMiles, the average retail price at truck stops was $2.089 on Monday morning, a 3.1-cent increase from last week.
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.
TruckMiles.com listed the daily average price for Monday at $2.147, with truckers in Rhode Island paying an average of $2.479 per gallon, the highest in the nation. Truckers in Oregon are paying a national low of $1.897 per gallon, according to the site. No states in the Lower 48 states have been listed in excess of $4 per gallon at the pump since Dec. 4, 2014. All 48 states in the contiguous U.S. have average prices below $3. A total of eight states are reporting prices below $2, four 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 April delivery was trading at $40.11 at noon CDT on Monday, a $2.93 increase from last Monday and a 67-cent increase from its last trading price. The price of Brent crude oil for May settlement was listed at $41.40, a $1.87 increase from last Monday and a 20-cent increase from its last trading price.
According to Reuters, oil prices increased on Monday amid signs of slower production at Cushing, Okla., a major delivery hub for WTI oil. AAA has indexed diesel prices at $2.084 for Monday, 78.8 cents cheaper than this time last year and 10.1 cents higher than a month ago.
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