On-highway diesel prices Monday in most areas went down from last week but not by much, the Energy Information Administration (EIA) reported, with the national average down 7 tenths of a cent to $2.532 a gallon compared with $2.539.
It wasn’t much of a surprise since oil prices have been in the doldrums the past several weeks and diesel was down in all 10 of the EIA’s diesel reporting regions last week.
Truckers having to spend time in California are still paying the most for diesel, which listed at $2.919 Monday compared with $2.928 last week, and truckers in or going through the Gulf Coast region were paying the least at $2.378 compared with $2.380 the week prior.
The West Coast reporting region had the second-highest price per gallon at $2.822 with the West Coast Less California reporting sector coming in third highest at $2.703.
The Rocky Mountain and West Coast reporting sectors were the only regions to show a price increase Monday, with the Rocky Mountain sector up 7 tenths of a cent and the West Coast Less California showing a meager 1 tenth of a cent increase.
Overall, diesel is 41.1 cents higher now than at this same time in 2016.
Diesel has flirted with the $3-a-gallon mark in California and the rest of the West Coast region, but not made it yet, as oil has struggled to live up to analysts’ hopes of boosted prices after OPEC oil producers agreed to cut production late this past winter.
May West Texas Intermediate crude fell 24 cents or 0.5 percent Monday to settle at $47.73 a barrel on the New York Mercantile Exchange, nearly scuttling all of its gain Friday of 0.6 percent. May Brent crude on the ICE Futures Exchange in London slid by 5 cents or 0.1 percent to $50.75 a barrel.
For more details of diesel prices by region click here.