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National on-highway diesel prices up 3.9 cents Monday to $3.867

The Trucker Staff

7/15/2013

The National on-highway diesel prices were up 3.9 cents to $3.867 Monday in the United States compared with $3.828 a week ago, according to the Energey Information Administration (EIA) of the U.S. Department of Energy.

All 10 reporting regions showed an increase from both a week and year ago. In the United States, the price of diesel was up $1.72 from the same week in 2012.

Truckers on the East and Gulf Coasts were paying 4.5 cents more this week. Those in the Midwest had the lowest price spike, at only 3.1 cents. Those in the Lower Atlantic were paying 4.7 cents.

California was the only reporting segment to be more than $4 a gallon. Diesel was up 3.9 cents to make it $4.065 for the week as opposed to $4.026 the week before.

Truckers traveling through states on the West Coast, not including California, were paying $2.12 higher than last year during the same week. Those states, which include Washington, Oregon, Nevada and Arizona, were up 5.3 cents compared to last week.

U.S. benchmark oil for August settled at $106.32 a barrel, after China experienced its weakest economic growth in 22 years. Diesel prices follow oil at a slower pace. The EIA reported last week that it expects the spot price of Brent crude oil to hover around $102 per barrel for the second half of the year.

Diesel started 2013 at $3.911 on Jan. 7 and fluxuated to its highest price on Feb. 25 to $4.159. Since April, the price has not risen above $4. This week’s prices are the highest since June 3, when it hit $.869.

For more details on specific prices by reporting region, click here.

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

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