EIA: U.S. Retail Diesel Prices Up 5.7cts on Week


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- The U.S. Energy Information Administration reported 
Monday that retail diesel prices jumped 5.7 cents on the week to $3.681 a 
gallon, though still 2.1cts below year-ago levels.

   The national average diesel price has not been higher since early December, 
when it stood at $3.758 gallon.

   Diesel prices have trended higher lately, gathering momentum after the late 
January Winter Storm Fern that sharply boosted heating demand from the Midwest 
to Northeast.

   East Coast (PADD 1) diesel prices climbed 6.9cts to $3.763 gallon, while 
remaining down 1.5cts from a year ago.

   New England (PADD 1A) diesel prices recorded the biggest rise in relation to 
Storm Fern, surging 21.6cts on the week to $4.235. Year-on-year, it spiked 
26.7cts.

   Outside of the storm area, California diesel had the largest upward price 
move, climbing 11.8cts on the week to $4.830, while edging up 4.3cts on the 
year.

   Central Atlantic (PADD 1B) diesel moved up 11.2cts to $3.988 while adding 
0.2cts annually.

   Midwest (PADD 2) diesel prices rose 4.6cts on the week to $3.625 gallon. 
Year-on-year, it was up 5.27cts.

   Gulf Coast (PADD 3) diesel prices climbed 5.4cts on a weekly basis to $3.379 
gallon, while falling by 1.6cts on the year.

   Rocky Mountain (PADD 4) diesel prices increased 5.2cts on the week to 
$3.419, while dropping by an equal 5.2cts from a year ago.

   West Coast less California diesel rose 3.8cts on a weekly basis to $3.982, 
while climbing 12.5cts on the year.

   On a four-week rolling average basis, which smooths out weekly volatility, 
weekly average diesel prices stood at $3.5735, up 24.85cts from the prior 
four-week average.

   The four-week average for California diesel prices was at $4.7033, increased 
by 41.62cts from the previous four-week average.

   The four-week average for diesel prices in the West Coast region excluding 
California increased by 16.2cts, the most for the week, to $3.595 gallon, while 
declining by 0.5ct on the year.

   The four-week average for diesel prices in the West Coast region, excluding 
California, increased by 25.095cts to $3.8455.

    




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