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Diesel down in most reporting regions except for areas hit by Sandy

The U.S. average reporting price was down 2.0 cents to $4.010 compared with $4.030 a week ago. But that’s still up 12.3 cents from this time a year ago.

The Trucker News Services

11/5/2012

Diesel prices along the coast of New York and in Pennsylvania and along the New England coastline — the areas where “Frankenstorm” and Hurricane Sandy hit last week — were the only two reporting regions to show an increase in diesel prices today, proof that the storms did have an impact.

The U.S. Energy Information Administration Monday reported that diesel in both the New England and Central Atlantic  regions were up 0.6 cents from a week ago, to $4.211 compared with $4.205 in the New England sector and to $4.155 today compared with $4.149 a week ago.

The U.S. average reporting price was down 2.0 cents to $4.010 compared with $4.030 a week ago. But that’s still up 12.3 cents from this time a year ago.

In all other reporting sectors, prices decreased from a week ago, with California leading with the largest decrease, down 4.3 cents to $4.225 compared with $4.268 the week prior.

Rocky Mountain region prices were down 3.5 cents, to $4.160 compared with $4.195 for the week of Oct. 29.

Details on all reporting regions can be seen by clicking here.

The market was unsettled Monday because of uncertainty prior to Tuesday’s elections and because of the East Coast areas struggling to recover from Hurricane Sandy last week.

The near- and long-term effects of the superstorm on petroleum demands is still unfolding, with some 1.4 million homes and businesses without power Monday morning, according to the Department of Energy.

Key New York Harbor oil networks were nearly at normal operations and fuel terminals resumed operations after power was restored over the weekend.

The Trucker staff can be reached to comment on this article at editor@thetrucker.com.

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