Diesel prices flat for 4th straight week

April 21, 2009
The four-week average for diesel in the U.S. has remained steady as $2.22/gal., down nearly $2 from the same period a year ago

The four-week average for diesel in the U.S. has remained steady as $2.22/gal., down nearly $2 from the same period a year ago.

The prices for the four weeks have changed less than a penny, according to the Energy Information Administration. For the week of April 20, the price sits at $2.22/gal, down a penny from last week. After climbing 13 cents from March 23 to March 30, the price has stayed at $2.22 or $2.23. A year ago, the price was $4.18.

New England remains the most expensive region with diesel selling at $2.40/gal., down 2 cents from a week ago. The Central Atlantic region and California each saw a 1 cent decrease to $2.39 and $2.34 respectively. Only the Rocky Mountain area posted an increase this week, jumping 2 cents to $2.27. The Midwest had the cheapest diesel, at $2.17.

Crude oil fell to a five-week low on the New York Mercantile Exchange this morning on fears of rising U.S. inventories, according to Bloomberg News. A barrel of crude for May delivery was trading at $44.58 at mid-morning, down $1.30 or 2.8%, rebounding from an earlier loss of 4.5% to $43.83.

The Energy Dept. will officially release the U.S. inventory supply report, expected to show a 2.5 million barrel increase, tomorrow, according to Bloomberg.

About the Author

Brian Straight | Managing Editor

Brian joined Fleet Owner in May 2008 after spending nearly 14 years as sports editor and then managing editor of several daily newspapers.  He and his staff  won more than two dozen major writing and editing awards. Responsible for editing, editorial production functions and deadlines.

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