EIA: Weekly U.S. Diesel Price Hits 1-Month High


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) -- The U.S. Energy Information Administration reported 
Tuesday (7/14) that retail diesel prices increased during the week ended July 
13, ending an eight-week streak of declines, with the national average rising 
21.8cts to $4.796 gallon, the highest level since the week ended June 15, when 
it averaged $5.059 gallon.

   Compared with the same time last year, diesel nationwide was up $1.038 
gallon on average.

   The weekly increase was led by a 32.1cts jump in the Gulf Coast PADD 3 
region to $4.546 gallon, while the only decline occurred in the New England 
PADD 1A region, where prices fell 3.1cts to $5.189 gallon.

   The rebound followed a sharp increase in wholesale diesel prices over the 
past week as tighter distillate fundamentals and stronger futures lifted retail 
values across most regions after two months of steady declines.

   East Coast diesel prices rose 20.0cts to $4.894 gallon for the week ended 
July 13. This PADD 1 region showed a $1.101 gallon increase compared with the 
same period last year.

   New England diesel prices declined 3.1cts to $5.189 gallon. Compared with 
the same time last year, this PADD 1A region was up $1.220 gallon.

   The Central Atlantic witnessed a 5.8cts increase on the week. Prices in the 
PADD 1B region averaged $5.204 gallon, rising $1.251 compared with the previous 
year.

   Diesel prices in the Lower Atlantic averaged $4.748 gallon. This PADD 1C 
region reflects a 27.1cts increase on the week and a $1.032 gallon rise from 
the same time last year.

   In the Midwest, diesel prices rose 20.1cts on the week. The PADD 2 region 
averaged $4.659 gallon, which was $0.926 gallon higher than levels seen a year 
earlier.

   On the Gulf Coast, diesel climbed 32.1cts on the week to $4.546 gallon. 
Compared with the prior year, prices in PADD 3 were up $1.143 gallon.

   Rocky Mountain diesel rose 11.6cts on the week to $4.600 gallon. The PADD 4 
region posted a $0.887 gallon increase compared with the same time last year.

   West Coast diesel prices increased 12.5cts on the week to average $5.550 
gallon. Compared with the previous year, the PADD 5 region was up $1.052 gallon.

   West Coast less California diesel increased 18.8cts on a weekly basis to 
$5.052 gallon. This represented a $0.930 gallon increase from the same time 
last year.

   California diesel itself rose 5.3cts on the week to $6.126 gallon. Prices in 
the state remain the highest in the nation, sitting at $1.194 gallon above 
levels seen at the same time last year.

    




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