Tag Archives: diesel

Diesel hits lowest price since June 2009

With a 2.4-cent drop this week, the country’s average diesel price hit its lowest point since June 1, 2009.refueling

The average price of a gallon of on-highway diesel is now $2.493. Prices dropped in all regions during the week with the most significant decrease coming in New England, where prices dropped 4 cents.

The most expensive diesel can be found in California at $2.848 per gallon, followed by the Central Atlantic region at $2.662 per gallon. The nation’s cheapest diesel is in the Gulf Coast region at $2.34 per gallon, followed by the Midwest at $2.447 per gallon.

Prices in other regions across the U.S. are as follows:

•New England – $2.613 •Lower Atlantic – $2.448 •Rocky Mountain – $2.522 •West Coast less California – $2.55

Diesel fuel prices dropping to near gasoline

It’s a good time to be a trucker.

While retail gasoline has surged by 25 percent this year, diesel prices have fallen by more than a quarter a gallon. The difference between the two is the smallest in almost six years and may all but disappear in two weeks’ time, according to Phil Flynn, senior market analyst at Price Futures Group.diesel-fuel

The long-standing relationship between diesel and gasoline prices, which has kept gasoline selling at a discount to truckers’ favorite fuel since 2009, is unraveling under the weight of a larger-than-expected jolt to U.S. gasoline demand. The surge in consumption has bolstered prices of the motor-fuel far beyond the time they typically peak for the year.

“We’re consuming gasoline and exporting it about as fast as they can make it,” Flynn said. “Given the way gasoline demand has rebounded, I think diesel could be even in the next week or two.”

Throughout Knoxville on Wednesday, prices for diesel fuel ranged from 10 cents to 20 cents higher per gallon than for unleaded regular gasoline. At a Pilot station on Western Avenue, for instance, regular gas was $2.529, while diesel was $2.659, a 13-cent difference.

Read more here.

Diesel prices increase for second straight week

The national average price for a gallon of on-highway diesel increased three cents in the week ending April 27, according to the Department of Energy’s weekly report.gas-price

The increase is the second in a row after prices jumped two cents last week. Before last week, diesel prices had dropped for five consecutive weeks. The U.S.’ average price is now $2.811, which is $1.164 lower than the same week last year.

Prices increased in all regions this week. New England saw the least significant increase, with prices only going up eight-tenths of a cent. The West Coast less California region saw the most significant increase of 6.9 cents.California has the country’s most expensive diesel at $3.156 per gallon, followed by the Central Atlantic region at $3.11. The country’s cheapest diesel is in the Gulf Coast region at $2.683 per gallon, followed by the Central Atlantic region at $2.691 per gallon.

Diesel price falls again, hits lowest point since January

The national average price for a gallon of on-highway diesel dropped again in the week ended June 2, though only slightly, falling seven-tenths of a cent to $3.918, according to the Department of Energy’s Energy Information Administration.0813gasprices

That’s the lowest average price since the week ended Jan. 27 and the fifth straight week the price has dropped.

The DOE predicted in April that the national average price would be $3.87 this summer, so the drops could be part of that decline.

Year over year, however, the price of diesel is up 4.9 cents from the same week a year ago.

Prices fall week to week in all regions nationally, except the Gulf Coast, which was unchanged.

The Central Atlantic region led all price drops with a 1.1-cent decline, followed by the Midwest’s 1-cent drop and the East Coast’s nine-tenths of a cent drop.

The New England region still has the nation’s most expensive diesel $4.124, followed by the Central Atlantic’s $4.116 and California’s $4.103.

The Gulf Coast region still has the country’s cheapest diesel, $3.783, followed by the Midwest’s $3.874 and the Lower Atlantic’s $3.910.

Story from overdriveonline.com