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At-the-pump diesel up 4.7 cents a gallon

Remarkably, national on-highway prices are still 7.1 cents below what diesel was selling for last year at this time.

The Trucker News Services

2/3/2014

National at-the-pump diesel prices were up nearly a nickel (4.7 cents) today to $3.951 a gallon, compared with $3.904 last week, the U.S. Energy Department’s Energy Information Administration reported.

Only the Rocky Mountain reporting region showed a price decrease and that was tiny (three tenths of a cent), ringing up at $3.860 a gallon today compared with $3.863 the week prior.

The national diesel price was up 3.1 cents Jan. 27 from the week prior and has been inching up for the past six weeks except for the week of Jan. 13, when it dipped by 2.4 cents.

Oil has been mostly on the upswing of late, and diesel prices largely follow oil after a lag time created by shipment and distribution.

The snow- and ice-besieged East Coast saw the largest upswing, with a whopping 7.4-cent increase to $4.070 compared with $3.996 the week of Jan. 27. The Midwest reporting region also saw a huge increase of 6.8 cents a gallon. Truck drivers in that region were paying $3.942 a gallon today compared with $3.874 the week before.

Four reporting sectors had diesel prices over the $4-a-gallon mark.

Remarkably, national on-highway prices are still 7.1 cents below what diesel was selling for last year at this time.

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

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