The average price of a gallon of on-highway diesel remained stable at $2.426 per gallon for the week ending Monday, June 27. This comes the week after the first decrease after 10 consecutive weeks of increases.
Diesel price averages went down in five of 10 regions in the U.S., according to the Energy Information Administration. The largest average decrease was in the Gulf Coast region, where prices at the pump fell by 1.1 cents per gallon. Prices were up 1.7 cents in the California region, the largest increase in the nation.
Following are the average prices by region as reported by the EIA:
U.S. – $2.426, unchanged
East Coast – $2.442, down 1/10 of a cent
New England – $2.491, down 3/10 of a cent
Central Atlantic – $2.535, down 7/10 of a cent
Lower Atlantic – $2.361, up 3/10 of a cent
Midwest – $2.389, up 3/10 of a cent
Gulf Coast – $2.285, down 1.1 cents
Rocky Mountain – $2.429, up 1.6 cents
West Coast – $2.713, up 7/10 of a cent
West Coast less California – $2.600, down 6/10 of a cent
California – $2.803, up 1.7 cents
East Coast – $2.442, down 1/10 of a cent
New England – $2.491, down 3/10 of a cent
Central Atlantic – $2.535, down 7/10 of a cent
Lower Atlantic – $2.361, up 3/10 of a cent
Midwest – $2.389, up 3/10 of a cent
Gulf Coast – $2.285, down 1.1 cents
Rocky Mountain – $2.429, up 1.6 cents
West Coast – $2.713, up 7/10 of a cent
West Coast less California – $2.600, down 6/10 of a cent
California – $2.803, up 1.7 cents
According to ProMiles, the average retail price at truck stops was $2.392 on Monday morning, a four-tenths of a 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 $2.458, with truckers in Rhode Island paying an average of $2.859 per gallon, the highest in the nation. Truckers in South Carolina are paying a national low of $2.220 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. For the ninth consecutive week, no states are reporting average diesel prices below $2.
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 $46.14 at noon CDT on Monday, a $3.23 decrease from last Monday and a $1.50 decrease from its last settlement price. The price of Brent crude oil for August settlement was listed at $46.95, a $3.70 decrease from last Monday and a $1.46 decrease from its last settlement price.
Reuters reports, Monday’s decline – as well as the $2.50 drop on Friday – was a result of a strengthening dollar and uncertainty over the effects of Britain voting to leave the European Union. AAA has indexed diesel prices at $2.374 for Monday, 47.6 cents cheaper than this time last year and 6.4 cents higher than a month ago.
By Land Line staff
By Land Line staff
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