EIA: U.S. Diesel Up 33.8cts, Hits 6-Week High


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

    

   DAVENPORT, FL (DTN) -- The U.S. Energy Information Administration reported 
Tuesday (7/21) that retail diesel prices increased during the week ended July 
20 for a second consecutive week, with the national average rising 33.8cts to 
$5.134 gallon, the highest level since the week ended June 8, when it averaged 
$5.210 gallon.

   Compared with the same time last year, diesel nationwide was up $1.322 
gallon on average.

   The weekly increase was led by a 39.6cts jump in the Gulf Coast PADD 3 
region to $4.942 gallon, while the smallest increase occurred in the Central 
Atlantic PADD 1B region, where prices rose 16.6cts to $5.370 gallon.

   The latest increase followed another week of strength in wholesale diesel 
markets as tighter global distillate fundamentals, stronger NYMEX ULSD futures 
and historically low U.S. distillate inventories continued to lift retail 
prices across all major regions.

   East Coast diesel prices rose 30.0cts to $5.194 gallon for the week ended 
July 20. This PADD 1 region showed a $1.373 gallon increase compared with the 
same period last year.

   New England diesel prices increased 21.0cts to $5.399 gallon. Compared with 
the same time last year, this PADD 1A region was up $1.415 gallon.

   The Central Atlantic witnessed a 16.6cts increase on the week. Prices in the 
PADD 1B region averaged $5.370 gallon, rising $1.395 compared with the previous 
year.

   Diesel prices in the Lower Atlantic averaged $5.107 gallon. This PADD 1C 
region reflects a 35.9cts increase on the week and a $1.360 gallon rise from 
the same time last year.

   In the Midwest, diesel prices rose 32.9cts on the week. The PADD 2 region 
averaged $4.988 gallon, which was $1.193 gallon higher than levels seen a year 
earlier.

   On the Gulf Coast, diesel climbed 39.6cts on the week to $4.942 gallon. 
Compared with the prior year, prices in PADD 3 were up $1.466 gallon.

   Rocky Mountain diesel rose 33.5cts on the week to $4.935 gallon. The PADD 4 
region posted a $1.165 gallon increase compared with the same time last year.

   West Coast diesel prices increased 32.7cts on the week to average $5.877 
gallon. Compared with the previous year, the PADD 5 region was up $1.335 gallon.

   West Coast less California diesel increased 31.0cts on a weekly basis to 
$5.362 gallon. This represented a $1.186 gallon increase from the same time 
last year.

   California diesel itself rose 34.5cts on the week to $6.471 gallon. Prices 
in the state remain the highest in the nation, sitting at $1.508 gallon above 
levels seen at the same time last year.

    




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