Sunday, October 22, 2017

Diesel prices inch back up to $2.792


Tuesday, October 3, 2017
by DOROTHY COX/The Trucker Staff

Only the Gulf Coast area had a decrease in diesel prices, where they were down 9 tenths of a cent to $2.615 compared with $2.624 on September 25.
Only the Gulf Coast area had a decrease in diesel prices, where they were down 9 tenths of a cent to $2.615 compared with $2.624 on September 25.

While diesel prices declined ever-so-slightly last week, they didn’t stay down, except for the Gulf Coast region. All but one of the Energy Information Administration’s (EIA) 10 reporting regions showed small increases, with the national average on-highway price ringing up at $2,792 per gallon, 4 tenths of a penny up from last week’s $2.788.

Only the Gulf Coast area had a decrease in diesel prices, where they were down 9 tenths of a cent to $2.615 compared with $2.624 on September 25.

The West Coast Less California region increased the most, but only by a penny to $3.018 compared with $3.008 the week prior.

Now, three sectors are showing prices above the $3-a-gallon mark: the California, West Coast Less California and West Coast sectors.

Those areas also had the highest diesel prices, with California at $3.182; West Coast Less California at $3.018 and the West Coast at $3.109.

The Gulf Coast had the lowest price.

Benchmark U.S. crude fell 14 cents to $50.44 per barrel. That follows a $1.09-per-barrel slide on Monday as worries mount that the world has more than oil available than it needs. Brent crude, the standard for international oil prices, rose 10 cents to $56.22 a barrel, The Associated Press reported.

For diesel prices by EIA region, click here.

 

Video Sponsors