Weekly on-highway diesel prices went down today, but only seven tenths of a penny to $2.382 compared to the $2.389 a gallon it was selling for last week.
Three of the Energy Information Administration’s reporting regions saw slight increases from the week prior, also in the tenth-of-a-penny range: The East Coast saw prices lift 2 tenths of a penny to $2.393 compared with $2.391 last week; the Central Atlantic region saw a price increase of 4 tenths of a penny to $2.489 compared with $2.485 the week before and the Lower Atlantic region saw prices slide up 2 tenths of a penny to $2.318 compared with $2.316 the week prior.
The seven remaining reporting sectors saw prices slide, with the Rocky Mountain area experiencing the biggest decrease at 1.7 cents to $2.465 compared with $2.482 a week ago followed by California, where prices dropped 1.5 cents to $2.739 from $2.754 the week before. California is also the region where diesel is at its highest, and all sectors are still seeing diesel prices below $3 a gallon.
Meanwhile oil prices were up 3 percent today, as traders bet on the possibility that major producers will make reach a pact to limit production. National average gasoline prices already shot up 2.3 cents today and diesel could follow if the global oil output is finally reined in by oil producers.