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Diesel average dips below $4

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Old May 15, 2012 | 08:41 AM
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Diesel average dips below $4

By Land Line staff

The national diesel average is at or below $4 depending on which survey you look at. The U.S. Energy Information Administration reported the seven-day average at $4.004 per gallon on Monday, May 14, while a daily survey by ProMiles showed the diesel average dipping below the $4 mark to $3.995 per gallon.

The EIA reported an overall decrease in the average price by more than 5 cents for the past week, with regional decreases ranging from 3.4 cents on the West Coast to 6.5 cents in the Midwest.

Following is a roundup of the regional price averages reported by the EIA:

U.S. – $4.004, down 5.3 cents
East Coast – $4.054, down 5.4 cents
New England – $4.192, down 4 cents
Central Atlantic – $4.135, down 5.9 cents
Lower Atlantic – $3.969, down 5.2 cents
Midwest – $3.897, down 6.5 cents
Gulf Coast – $3.915, down 4.7 cents
Rocky Mountain – $4.004, down 4.3 cents
West Coast – $4.277, down 3.5 cents
West Coast less California – $4.192, down 3.4 cents
California – $4.385, down 3.6 cents


According to ProMiles, which tracks fuel prices daily in the continental U.S., the national average went down six-tenths of a cent over the weekend.

Including state and federal sales taxes, Washington state had the highest average Monday at $4.439 per gallon, while Missouri had the lowest average at $3.754.

Oil prices continue to decline, as well. On Monday, light sweet crude was trading at $94.42 in New York, down $1.71 over the weekend. European crude known as Brent crude was trading at $112 on Monday, down another dollar from last week. Those sources of oil are commonly associated with diesel production.

Copyright © OOIDA

 
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Old May 15, 2012 | 09:32 AM
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and the closer we get to Nov. 11, the lower it will get.
 
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Old May 15, 2012 | 10:02 AM
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Originally Posted by empiretc
and the closer we get to Nov. 11, the lower it will get.

Its amazing how that works huh!
 
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Old May 15, 2012 | 10:13 AM
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Originally Posted by microdevil45
Its amazing how that works huh!

Really glad Neal is continuing to do this so we can track the trend.
 
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Old May 15, 2012 | 12:48 PM
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Man!! This keeps up all the refineries will have to shut down for "maintaince"



Smokie
 
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Old May 15, 2012 | 12:57 PM
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Crude is @ $94.39. It will probably drop below $94 by closing bell.
 
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Old May 15, 2012 | 04:20 PM
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Called it!!!!!!!


their shenanigans are getting pretty predictable. too bad it's priced out of the average bears range to jump in.
 
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Old May 15, 2012 | 07:03 PM
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Been paying $3.79 for a couple of weeks here now.
 
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Old May 15, 2012 | 09:02 PM
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Still at $4.30+ in Nor-Cal.......those mother truckers............
 
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Old May 16, 2012 | 08:40 AM
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Originally Posted by WA.Ranger
Still at $4.30+ in Nor-Cal.......those mother truckers............
Wait a second...we truckers have nothing to do with it !
 
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Old May 16, 2012 | 08:49 AM
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$3.79 !!! OMG the speculators must be running like rats trying to cover there asses!!!


Smokie
 
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Old May 16, 2012 | 08:54 AM
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Hasn't budged here in weeks.

$4.30 here also. Just filled up 25 gallons totalled $107.5. Good for another 425 miles.
 
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Old May 16, 2012 | 09:42 AM
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Let's see..

Texas $3.79 per gallon: Texas $0.444 tax per gallon
California $4.30 per gallon: California $0.795 tax per gallon
New York $4.30 per gallon: New York $0.751 tax per gallon
Nevada $3.89 per gallon: Nevada $0.53 tax per gallon
Missouri $3.75 per gallon: Missouri $0.471 tax per gallon

I'm seeing a trend here...

 
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