April Showers Bring Higher Diesel Prices

April Showers Bring Higher Diesel Prices
Diesel Prices

Diesel prices continue to rise steadily after last month’s average price jump. The average diesel prices for April increased six cents from March, according to the final diesel report of the month put out by the U.S. Energy Information Administration (EIA). The EIA predicted a national average of $2.10 for April, but the month concluded more than 10 cents higher with an average price of $2.208. The price is down -$0.727 from April 2015. The lowest average price in the U.S. was $2.024 in the Gulf Coast. The highest average price was $2.459 in California, followed by the West Coast at $2.357.

Some Regions Experienced Spikes Over Seven Cents

Four regions saw prices go up by at least seven cents. The West Coast excluding California saw the second largest increase with $0.076 and an average price of $2.228. Both California and the West Coast increased by seven cents with average prices of $2.459 and $2.357, respectively. Lastly, the Rocky Mountain region saw the largest price spike by $0.141 and an average price of $2.16.

Other Regions Still Increased, but at a Steadier Pace

The other six regions experienced a price increase, but less than seven cents: the East Coast, New England, the Central Atlantic, the Lower Atlantic, the Midwest, and the Gulf Coast. The Central Atlantic saw the largest price increase in this group of almost six and a half cents from a price of $2.252 to $2.316. The Lower Atlantic was close behind, rising $0.061. The East Coast and the New England region saw similar jumps with $0.063 and $0.06, respectively. Lastly, the Gulf Coast and the Midwest saw the smallest increases of $0.052 and $0.05. Overall, diesel prices are still increasing at a steady rate.

The EIA projects diesel prices will increase slightly in May to $2.10 per gallon. It is also predicted that summer fuel prices will be at a 12-year low in the upcoming months.

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Posted in: Diesel, Diesel Prices, Fuel News, Trucking News

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