Diesel prices decrease across the U.S.

By Chuck Robinson, Land Line staff editor | 11/5/2018

By two indexes, the average price per gallon for a diesel fuel dropped almost 2 cents on Monday, Nov. 5, compared to the Monday before.

According to the federal Energy Information Administration, the average price for a gallon of diesel across the United States dropped 1.7 cents. According to data from ProMiles, the average price dropped 1.9 cents.

The highest regional decreases, according to the EIA, were in the Central Atlantic region (2.5 cents), Midwest region (2.4 cents) and West Coast excluding California (2.6 cents).

The price is 45.6 cents higher than one year ago Monday.

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

  • U.S. – $3.338, down 1.7 cents.
  • East Coast – $3.329, down 1.7 cents.
  • New England – $3.362, down three-tenths of a cent.
  • Central Atlantic – $3.498, down 2.5 cents.
  • Lower Atlantic – $3.202, down 1.2 cents.
  • Midwest – $3.286, down 2.4 cents.
  • Gulf Coast – $3.106, down 1.1 cents.
  • Rocky Mountain – $3.398, down seven-tenths of a cent.
  • West Coast – $3.833, down 1.5 cents.
  • West Coast less California – $3.538, down 2.6 cents.
  • California – $4.068, down three-tenths of a cent.

ProMiles reports national average retail price for diesel on Monday, Nov. 5, being nearly 2 cents lower than the week previous. That is about the same decrease tabulated for last week compare to the week previous.

Monday’s price is 43.9 cents higher than one year ago.

ProMiles, the software company that maintains the websites ProMiles.com and TruckMiles.com, offers 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.

The highest swing from a week ago was in Gulf Coast region, where the average price went down 2.4 cents. The smallest dip was in New England, where prices declined only one-tenth of a cent.

Following are the average prices by region as reported by the ProMiles.com:

  • U.S. – $3.28, down 1.9 cents.
  • East Coast – $3.318, down 1.6 cents.
  • New England – $3.324, down one-tenth of a cent.
  • Central Atlantic – $3.521, down 1.9 cents
  • Lower Atlantic – $3.206, down 1.8 cents.
  • Midwest – $3.267, down 2.2 cents.
  • Gulf Coast – $3.121, down 2.4 cents.
  • Rocky Mountain – $3.402, up three-fifths of a cent.
  • West Coast – $3.702, down 1.7 cents.
  • West Coast less California, $3.472, down 2.3 cents.
  • California, $4.016, down 1.7 cents.

AAA reports a national average price per gallon for diesel fuel at $3.271 for Monday, Nov. 5.

A week previous, the price was $3.283

A month previous, AAA reported $3.257 per gallon and a year ago $2.785 per gallon.

The highest recorded average price for diesel was $4.845 per gallon on July 17, 2008, according to AAA.

 

 

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