Diesel price slips, falls 1.8 cents to $4 even

| March 18, 2014

On-Highway_Diesel_Fuel_PricesThe national average price for a gallon of on-highway diesel fell in the week ended March 17 to $4.003 a gallon, according to the Department of Energy’s Energy Information Administration. That’s a 1.8-cent drop and the largest week-to-week decline since the week ended Jan. 13, when the price fell 2.4 cents.

The drop follows two weeks of hardly any price movement, as the national average price rose a combined four-tenths in that time period.

However, prior to that, diesel prices surged 14.4 cents in a five-week span from the end of January to the end of February, pushing the nation’s average price above $4 for the first time in a year. The national average price is now 4.4 cents lower than the same week in 2013, according to the EIA.

ProMiles’ Fuel Surcharge Index reported this week a 1.5-cent drop, bringing its reported national average to $3.949 a gallon, down 4.7 cents from the same week in 2013.

Per the EIA, the average price dropped in all regions in the U.S., too, led by a 4.9-cent drop in the New England region, followed by a 3.9-cent drop in the Central Atlantic region and a 2.5-cent drop in California.

The Central Atlantic and the New England regions, however, still have the country’s most expensive diesel, $4.314 and $4.313 a gallon, respectively.

The Gulf Coast region still has the U.S.’ cheapest diesel, $3.803 a gallon, followed by the West Coast less California region’s $3.942.

More About:

,

Tipping The Scales: Time To Trade In And Trade Up With Cummins ISX15 SmartAdvantage.

Notice: Overdrive is transitioning to a new comment platform due to technical problems with the former commenting system. The new commenting system is now live. We are currently in the process of moving all of the comments from the old system into the new system. We appreciate your patience in the meantime.