EIA: U.S. Diesel Falls 14cts on Week to $5.21 Gallon


   
Miguel E. Andujar
DTN Analyst

   DAVENPORT, FL (DTN) -- The U.S. Energy Information Administration reported 
Monday (6/8) that retail diesel prices moved lower for a fourth consecutive 
week during the week ended June 8, with the national average easing 14cts to 
$5.21 gallon.

   Compared with the same time last year, diesel nationwide was up $1.739 
gallon on average.

   The weekly decline was led by a 21cts drop in the Midwest PADD 2 region to 
$5.182 gallon, while the smallest decrease occurred in the Lower Atlantic PADD 
1C, where prices fell 7.3cts to $4.943 gallon.

   The continued decline across most regions comes as refinery operations 
remain elevated and seasonal demand has yet to absorb available supply, easing 
pressure in retail markets despite diesel values remaining well above year-ago 
levels.

   East Coast diesel prices fell 8.8cts to $5.149 gallon for the week ended 
June 8. This PADD 1 region showed a $1.624 gallon increase compared with the 
same period last year.

   New England diesel prices declined 10.5cts to $5.626 gallon. Compared with 
the same time last year, this PADD 1A region was up $1.742 gallon.

   The Central Atlantic witnessed a 12.6cts decrease on the week. Prices in the 
PADD 1B region averaged $5.568 gallon, rising $1.807 compared with the previous 
year.

   Diesel prices in the Lower Atlantic averaged $4.943 gallon. This PADD 1C 
region reflects a 7.3cts decrease on the week and a $1.544 gallon rise from the 
same time last year.

   In the Midwest, diesel prices fell 21cts on the week. The PADD 2 region 
averaged $5.182 gallon, which was $1.753 gallon higher than levels seen a year 
earlier.

   On the Gulf Coast, diesel fell 11.4cts on the week to $4.786 gallon. 
Compared with the prior year, prices in PADD 3 were up $1.677 gallon.

   Rocky Mountain diesel saw a 13.1cts decrease on the week to $5.200 gallon. 
The PADD 4 region posted a $1.719 gallon increase compared with the same time 
last year.

   West Coast diesel prices fell 10.9cts on the week to average $6.289 gallon. 
Compared with the previous year, the PADD 5 region was up $2.072 gallon.

   West Coast less California diesel slipped 10.7cts on a weekly basis to 
$5.725 gallon. This represented a $1.961 gallon increase from the same time 
last year.

   California diesel itself fell 11.1cts on the week to $6.940 gallon. Prices 
in the state remain the highest in the nation, sitting at $2.201 gallon above 
levels seen at the same time last year.

    




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