Thursday, January 18, 2018

On-highway diesel prices an up-and-down proposition; national average at $2.912 a gallon


Monday, November 20, 2017
by DOROTHY COX/The Trucker Staff

Diesel prices went up the most — 3.7 cents a gallon — in the Central Atlantic region, followed by the Central Atlantic and East Coast reporting sectors, which both went up 1.2 cents a gallon.
Diesel prices went up the most — 3.7 cents a gallon — in the Central Atlantic region, followed by the Central Atlantic and East Coast reporting sectors, which both went up 1.2 cents a gallon.

U.S. on-highway diesel prices couldn’t make up their minds Monday. The national average fell three tenths of a penny to $2.912 a gallon compared with $2.915 the week of November 13. Prices in four of the Energy Information Administration’s 10 reporting regions went up and six went down.

Diesel prices went up the most — 3.7 cents a gallon — in the Central Atlantic region, followed by the Central Atlantic and East Coast reporting sectors, which both went up 1.2 cents a gallon .

Diesel prices in five areas are selling for more than $3 a gallon: California, where Monday it rung up at $3.599; the West Coast Less California, at $3.107; the West Coast, at $3.378; Rocky Mountain, at $3.003 and the Central Atlantic region at $3.055.

Truckers are paying the most in California (see above) and the least ($2.689) in the Gulf Coast region.

But California saw the biggest nosedive in prices from last week, 1.3 cents, followed by the West Coast Less California, down 1.2 cents a gallon.

Benchmark U.S. crude fell 46 cents to $56.09 a barrel in New York Monday. Brent crude, which is used to price international oils, dropped 50 cents to $62.22 a barrel in London, The Associated Press reported.

But benchmark Brent prices have risen almost $20 per barrel since late June, while hedge fund positions in petroleum have increased by 815 million barrels, leading to predictions of a price correction, Reuters reported.

For more details on diesel prices around the country, click here.

 

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