EIA: U.S. Retail Diesel Prices Down 1.8cts on Week


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   EIA: U.S. Retail Diesel Prices Down 1.8cts on Week

   SECAUCUS, NJ (DTN) -- The national average weekly price for retail diesel 
fuel fell by 1.8cts as of Monday (1/12) amid continued declines in all U.S. 
regions as warmer-than-usual temperatures reduced demand for distillates-based 
heating, pricing data released Tuesday (1/13) by the Energy Information 
Administration (EIA) showed.

   The national average for retail diesel fuel stood at $3.459 gallon, after 
its fifth straight weekly decline. The national average was also down by 
14.3cts year-over-year. Only the New England (PADD 1A) region showed higher 
pricing compared with a year earlier.

   A broad jet stream shift has reportedly pulled warm air from the Gulf of 
Mexico across the Eastern U.S., resulting in daytime temperatures that are 10 
to 15 degrees above the seasonal norm. In New York City, for instance, while 
the historical average high for last week was 37F, temperatures reached a peak 
of 53F on January 9.

   The East Coast (PADD 1) saw average diesel prices move lower by 1.7cts to 
$3.613 gallon as of January 12, and 10.5cts above the same period last year, as 
colder temperatures began to lift heating oil demand in the region.

   Weekly diesel prices in New England (PADD 1A) fell by 1.4cts to $4.010 
gallon, while staying up by 18.9cts year-over-year, in a region more directly 
exposed to winter heating demand that draws from the distillate pool.

   In the Central Atlantic (PADD 1B), diesel also slipped by 1.4cts to $3.858 
gallon, while standing 1.8cts down on the year.

   In the Lower Atlantic (PADD 1C), diesel fell by 1.8cts to $3.484 gallon, and 
was down by 16.5cts year-over-year.

   In the Midwest (PADD 2), diesel prices dropped by 2.2cts to $3.365 gallon 
and by 16.7cts from the same week last year.

   In the Gulf Coast (PADD 3), weekly average diesel prices declined by 1.2cts 
to $3.16 gallon, while sliding by 16.1cts from a year earlier, supported by 
ample refining capacity and steady supply.

   In the Rocky Mountain region (PADD 4), diesel dropped by 3.7cts to $3.185 
gallon, posting the largest weekly declines among all PADD regions. PADD 4 
diesel was also 21.4cts below the same period last year.

   In the West Coast (PADD 5), weekly average diesel prices fell by 1.8cts to 
$4.11 gallon, while marking a 10.3cts year-over-year decline.

   Diesel prices at West Coast less California decreased by 0.9cts to $3.674 
gallon last week. Year-on-year, it was down by 10.2cts.

   California diesel prices declined by 2.8cts to $4.613 gallon on the week and 
was 10.3cts lower on the year.

    

    




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