Tuesday, January 16, 2018

After 3 weeks of mostly heading down, diesel prices tick up to $2.556 a gallon


Monday, April 3, 2017
by DOROTHY COX/The Trucker Staff

All 10 of the Energy Information Administration’s (EIA) reporting regions showed an increase, with the Gulf Coast sector taking a 3.6-cent jump. Even so, truckers in the Gulf Coast states are still paying less for diesel than anywhere else in the U.S. — $2.414 a gallon.
All 10 of the Energy Information Administration’s (EIA) reporting regions showed an increase, with the Gulf Coast sector taking a 3.6-cent jump. Even so, truckers in the Gulf Coast states are still paying less for diesel than anywhere else in the U.S. — $2.414 a gallon.

After three weeks of mostly sliding prices, national on-highway diesel today did a 2.4-cent uptick to $2.556 a gallon compared with $2.532 the week of March 27.

All 10 of the Energy Information Administration’s (EIA) reporting regions showed an increase, with the Gulf Coast sector taking a 3.6-cent jump. Even so, truckers in the Gulf Coast states are still paying less for diesel than anywhere else in the U.S. — $2.414 a gallon.

Today’s increase put California diesel closer to the $3-a-gallon mark at $9.923. The West Coast reporting region is next at $2.837.

Meanwhile, oil prices were mixed, fueled by rebounding Libyan oil output and relatively strong economic news from Asia, analysts said.

Libya's Sharara oil field, the country's largest, resumed production on Sunday after a week-long disruption, Reuters reported.

Benchmark Brent Monday settled at $53.12 a barrel, up 29 cents from Friday's close but U.S. West Texas Intermediate (WTI) crude dropped by 36 cents, or 0.7 percent to settle at $50.24 per barrel.

For a look at diesel prices by EIA reporting region click here.

Video Sponsors