This week and during the rest of January, diesel fuel prices remain even
After enduring a steady increase at the pump that saw prices rise nearly twelve cents in the last weeks of 2016, January diesel fuel prices remained steady, only fluxing 2.4 cents.
Down for the third week in a row, but only seven tenths of a cent, the national average of on-highway diesel fuel prices fell to $2.562.
Prices are still significantly higher than this time last year, up over fifty-three cents from when diesel was only $2.031 a gallon, as reported by the Energy Information Administration (EIA) on January 30th.
With prices ringing in at $2.845 per gallon, the West Coast is still the most expensive region for diesel. Prices barely budged this week, down only a tenth of a cent. California’s diesel actually increased this week, but only rose four-tenths of a cent to $2.927.
The Central Atlantic saw nearly a cent and a half decline in diesel fuel, but remained the second most expensive region in the nation with prices averaging out to $2.77 a gallon.
West Coast less California was down .006 cents, with diesel ringing in at $2.744 per gallon. Though diesel prices were the third most expensive in the nation, the region is the front runner for highest inflation from this time last year. Diesel fuel is up 62.7 cents from a reported $2.117 a gallon, on February 1st, 2016.
The Lower Atlantic was the only other region that saw a price increase this week, up three tenths of a cent to $2.51 per gallon.
The cheapest diesel can be found again in Gulf Coast region, dropping just six tenths of a cent to $2.408 per gallon.
The EIA lists prices in the other regions of the nation as follows:
- New England – $2.662, down .014 cents
- East Coast – $2.622, down .005 cents
- Rocky Mountain – $2.516, down .016 cents
- Midwest – $2.50, down .012 cents
Diesel fuel prices down, but only slightly