Diesel Holding Steady
Not a lot of movement in diesel pricing last week. But US EIA did revise up its outlook for crude oil prices.
National Observations
- Diesel inched up just over a penny a gallon last week across the country. It is still down almost four cents a gallon from the recent high of $3.775.
- The aftermath of the MidEast conflict is expected to keep diesel at current pricing for some time. The latest US EIA short term energy outlook report increased the projected average price of crude oil for the remainder of the year to $69/barrel from its previous $66/barrel projection.
Regional Trends
| Region | Last Week | Weekly Change | |
|---|---|---|---|
| 🗽 East Coast | $3.765 | -$0.01 | |
| 🌾 Midwest | $3.733 | +$0.018 | |
| 🌞 Gulf Coast | $3.383 | +$0.014 | |
| 🏔️ Rocky Mountain | $3.666 | +$0.007 | |
| 🌅 West Coast (not CA) | $4.088 | +$0.053 | |
| 🏄♀️ California | $4.892 | +$0.026 |
Regional Observations
- The largest regional increase was on the West Coast. Diesel was up over 5 cents a gallon in Oregon and Washington and up 2.6 cents a gallon in California.
- Prices on the East Coast bucked the trend and eased a little. The average of $3.765/gallon was down a penny from the previous week.
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