On-highway diesel prices were all going downhill today, with the national average reported at $3.027, down 3.6 cents a gallon from last week, when it was $3.063, the U.S. Energy Information Administration (EIA) reported.
The prices would normally have been reported Monday but were bumped to Tuesday because of President’s Day.
Diesel went down in all 10 of the EIA’s reporting regions, with the West Coast less California area down 3.5 cents a gallon; the West Coast down 3.3 cents a gallon, the Central Atlantic region dropping 3.2 cents a gallon and the Midwest sector decreasing a whopping 5 cents a gallon.
As is often the case, diesel and oil prices met each other as one was going up and one was coming down.
In this case, benchmark U.S. crude added 33 cents to $62.01 per barrel Tuesday and Brent crude, used to price international oils, was down 58 cents at $65.09 a barrel, The Associated Press reported.
If oil continues its upward swing, diesel will have to follow.
Crude oil prices have remained lower and oil and gas supplies have risen, but AAA expects a change soon and a spike in the year's second quarter with refinery maintenance reducing output.
For more details on diesel prices by region, click here.