EIA: U.S. Diesel Prices Rise Further, Up 30.4cts on Week


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) -- The U.S. Energy Information Administration reported 
Tuesday (3/24) that retail diesel prices rose for a seventh consecutive week, 
climbing 30.4 cents during the week ended March 23 to average $5.375 gallon, 
while increasing $1.808 compared with the same time last year.

   Diesel is up $1.516 gallon since the week ended February 9, as strength in 
global distillate markets tied to ongoing geopolitical risk and tight supply 
conditions continues to push retail prices higher across the U.S.

   East Coast diesel prices rose 37.5cts to $5.480 gallon. Compared with the 
same time last year, this PADD 1 region showed a $1.805 gallon increase.

   New England diesel prices rose 52.3cts to $5.759 gallon. This PADD 1A region 
climbed $1.772 versus the same period last year.

   The Central Atlantic witnessed a 43.3cts rise on the week. Prices in the 
PADD 1B region averaged $5.629 gallon, climbing $1.757 compared with the 
previous year.

   Diesel prices in the Lower Atlantic averaged $5.395 gallon. This PADD 1C 
region reflects a 33.8cts increase on the week and $1.826 gallon rise from the 
same time last year.

   In the Midwest, diesel prices rose 19cts on the week. The PADD 2 region 
averaged $5.160 gallon, which was $1.669 gallon higher than levels seen a year 
earlier.

   On the Gulf Coast, diesel climbed 29.9cts on the week to $5.134 gallon. 
Compared with the prior year, prices in PADD 3 were up $1.869 gallon.

   Rocky Mountain diesel saw a 37.8cts increase on the week to $5.174 gallon. 
The PADD 4 region posted a $1.759 gallon increase versus the same time last 
year.

   West Coast diesel prices rose 45.4cts on the week to average $6.310 gallon. 
Compared with the previous year, the PADD 5 region advanced by $2.081 gallon.

   West Coast less California diesel climbed 46.6cts on a weekly basis to 
$5.826 gallon. This represented a $2.072 gallon increase from the same time 
last year.

   California diesel itself rose 44.2cts on the week to $6.870 gallon. Prices 
in the state remain the highest in the nation, sitting $2.094 gallon above 
levels seen at the same time last year.




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