EIA: Weekly U.S. Diesel Price Dips for 5th Straight Week


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) -- The U.S. Energy Information Administration reported 
Tuesday (6/16) that retail diesel prices dropped for a fifth consecutive week 
during the week ended June 15, with the national average easing 15.1cts to 
$5.059 gallon. 

   Compared with the same time last year, diesel nationwide was up $1.488 
gallon on average.

   The weekly decline was led by a 22.7cts drop in California to $6.713 gallon, 
while the smallest decrease occurred in the Central Atlantic PADD 1B region, 
where prices fell 6.5cts to $5.503 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 levels 
seen at the same time last year.

   East Coast diesel prices fell 10.1cts to $5.048 gallon for the week ended 
June 15. This PADD 1 region showed a $1.427 gallon increase compared with the 
same period last year.

   New England diesel prices declined 11.8cts to $5.508 gallon. Compared with 
the same time last year, this PADD 1A region was up $1.613 gallon.

   The Central Atlantic witnessed a 6.5cts decrease on the week. Prices in the 
PADD 1B region averaged $5.503 gallon, rising $1.721 compared with the previous 
year.

   Diesel prices in the Lower Atlantic averaged $4.831 gallon. This PADD 1C 
region reflects an 11.2cts decrease on the week and a $1.299 gallon rise from 
the same time last year.

   In the Midwest, diesel prices fell 17.1cts on the week. The PADD 2 region 
averaged $5.011 gallon, which was $1.474 gallon higher than levels seen a year 
earlier.

   On the Gulf Coast, diesel fell 14cts on the week to $4.646 gallon. Compared 
with the prior year, prices in PADD 3 were up $1.434 gallon.

   Rocky Mountain diesel saw an 18.1cts decrease on the week to $5.019 gallon. 
The PADD 4 region posted a $1.471 gallon increase compared with the same time 
last year.

   West Coast diesel prices fell 21.5cts on the week to average $6.074 gallon. 
Compared with the previous year, the PADD 5 region was up $1.764 gallon.

   West Coast less California diesel slipped 20.6cts on a weekly basis to 
$5.519 gallon. This represented a $1.617 gallon increase from the same time 
last year.

   California diesel itself fell 22.7cts on the week to $6.713 gallon. Prices 
in the state remain the highest in the nation, sitting at $1.932 gallon above 
levels seen at the same time last year.




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