Wednesday, May 23, 2018

Diesel prices up and down Monday; national average at $3.025 a gallon


Monday, January 22, 2018
by DOROTHY COX/The Trucker Staff

Six of EIA’s reporting regions show diesel above the $3-a-gallon mark, and California, ringing up at $3.643, is already on the way to $4 a gallon.
Six of EIA’s reporting regions show diesel above the $3-a-gallon mark, and California, ringing up at $3.643, is already on the way to $4 a gallon.

Diesel prices went up in five regions and down in five, the U.S. Energy Information Administration (EIA) reported Monday, and although the national average went up, it was only by 3 tenths of a penny, to $3.025 a gallon.

This mixed bag is different from last week, when all 10 of EIA’s reporting sectors saw diesel prices go up, some by as much as 4 and 5 cents a gallon. Last week the national average reached $3.028 a gallon, the first time since the week ended January 12, 2015, that the average price had exceeded $3 a gallon.

The New England sector had the biggest increase in diesel — 2.2 cents to $3.136 a gallon, while the Rocky Mountain region had the largest decrease — 2.9 cents a gallon to $2.955.

Six of EIA’s reporting regions show diesel above the $3-a-gallon mark, and California, ringing up at $3.643, is already on the way to $4 a gallon.

Four areas, the Lower Atlantic, Midwest, Gulf Coast and Rocky Mountain, have diesel prices that have yet to hit the $3-a-gallon mark.

Benchmark U.S. crude rose 25 cents to $63.62 a barrel in New York. Brent crude, used to price international oils, added 42 cents to $69.03 a barrel in London, The Associated Press reported Monday, and if the price of oil continues to rise, diesel will rise with it.

For details on diesel prices across the country click here.  

 

 

 

 

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