The national average retail diesel fuel prices dipped 0.7 cents to $3.911 a gallon during the week ended Jan. 7, according to the U.S. Department of Energy’s Energy Information Administration. The latest weekly price is 8.3 cents above the same week last year.
Most people feel that since crude oil prices have gone up over the last month that we will see an increase of 7-12 cents per gallon at the pumps for diesel fuel. Diesel inventory has been hovering at very low levels for the last several months, so we can see how much more that will pay into your fleet fueling prices.
Diesel fuel prices dropped in most regions, led by a 5.8-cent drop in the Rocky Mountain region, which has the nation’s least expensive diesel on average at $3.688 a gallon. The largest increase was 0.7 cents in the Gulf Coast region. The highest diesel fuel on average were in New England at $4.153 a gallon.
If you noticed it is also very odd that the West Coast or CA wouldn’t lead the country in the highest price diesel fuel. The New England states with colder weather and having to add winter fuel additive, along with battle space for storage with home heating oil will probably continue to leave New England on top for a few more weeks. Not the area, you want to be number 1 in, it really hurts your fleet fuel card.
Gain instant access to the ebook!