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National on-highway diesel still going down, falls 1.6 cents to $3.977 a gallon

This year, diesel has hit a high so far of $4.159 on Feb. 25 but after that began a slow downward cycle that finally went below the $4 mark April 1.

The Trucker Staff

4/8/2013

National on-highway diesel prices fell 1.6 cents Monday to $3.977 compared to last week’s price of $3.993, which was the first time diesel had gone below the $4-a-gallon threshold since Jan. 28.

In fact, diesel was down in all but two of the Energy Information Administration’s 10 reporting sectors, the West Coast region, where it was up 0.1 cent to $4.117 compared with $4.116 the week prior, and the West Coast less California sector, which saw prices 0.7 cent higher to $4.023 compared with $4.016 the week before.

The Gulf Coast sector saw the largest drop in diesel, down 2.7 cents at $3.888 compared with $3.915 the week before. That was followed by the Rocky Mountain reporting region, down 2.3 cents to $3.899 compared with $3.922 the week prior and the Central Atlantic area, which was down 2.1 cents a gallon to $4.062 compared with $4.083 the week before.

This year, diesel has hit a high so far of $4.159 on Feb. 25 but after that began a slow downward cycle that finally went below the $4 mark April 1.

Distillate fuels follow the price of oil, which last week fell after a weak jobs report cast doubt on the strength of the U.S. economy but today oil inched up 66 cents.

For more details on prices at each of the U.S. Energy Department’s EIA reporting regions click here.

The Trucker staff can be reached to comment on this article at editor@thetrucker.com.

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