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Wednesday, November 30, 2022

Diesel Fuel Rises After Nine Weeks of Reductions

 

Following nine straight weeks of decreasing average diesel prices across the U.S., the average retail cost for a gallon of diesel increased 1.6 cents, according to the weekly report issued for Monday, Sept. 16, by the Energy Information Administration.

Despite the increase, the U.S. average diesel fuel price is 28.1 cents lower than one year ago.

Diesel fuel prices are expected to continue to rise in response to a drone attack Saturday on an oil facility in Saudi Arabia. The West Texas Intermediate benchmark for U.S. went up $7 per barrel in early trading today.  The switch from summer fuel to winter fuel may have an effect starting this report period.

The West Coast excluding California notched the greatest increase from a week ago of 3 cents per gallon. The average for the Rocky Mountain region is 2.6 higher than last Monday, and California’s price is 2.3 cents higher than a week ago.

Following are the average prices for diesel fuel by region as reported by the EIA for Monday:

  • U.S. – $2.987, up 1.6 cents.
  • East Coast – $2.998, up three-fifths of a cent.
  • New England – $3.013, down nine-tenths of a cent.
  • Central Atlantic – $3.177, up 1.6 cents.
  • Lower Atlantic – $2.873, up three-tenths of a cent.
  • Midwest – $2.882, up 1.8 cent.
  • Gulf Coast – $2.761, up 1.6 cents.
  • Rocky Mountain – $2.959, up 2.6 cents.
  • West Coast – $3.574, up 2.6 cents.
  • West Coast without California – $3.161, up 3 cents.
  • California – $3.901, up 2.3 cents.