EIA: U.S. Diesel Prices Rise Further, Up 21.2cts on Week


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- The U.S. Energy Information Administration reported 
Tuesday (3/17) that retail diesel prices rose for a sixth consecutive week, 
climbing 21.2 cents during the week ended March 16 to average $5.071 gallon, 
while increasing $1.5222 on the year.

   Diesel prices have risen a cumulative $1.383 gallon since the week ended 
February 9. Weather related production disruptions in oil and refinery 
maintenance initially provided upside to the market, before global supply 
upheaval from the Iran war triggered a sustained price rally across energy 
products.

   East Coast diesel prices rose 20.4cts to $5.105 gallon. For the year, this 
PADD 1 region showed a $1.426 gallon increase.

   New England diesel prices rose 26.6cts to $5.236 gallon. This PADD 1A region 
climbed $1.249 for the year.

   The Central Atlantic witnessed a 25.6cts rise on the week. Prices in the 
PADD 1B region averaged $5.196 gallon, climbing $1.327 gallon on the year.

   Diesel prices in the Lower Atlantic averaged $5.057 gallon. This PADD 1C 
region reflects a 17.7cts increase on the week and $1.48 gallon rise on the 
year.

   In the Midwest, diesel prices rose 16.9cts on the week. The PADD 2 region 
averaged $4.97 gallon, which was $1.507 gallon higher than the year-ago level.

   In the Gulf Coast, diesel gained 20.8cts on the week to $4.835 gallon. For 
the year, this PADD 3 region was up $1.59 gallon.

   Rocky Mountain diesel saw a 39.9cts increase on the week to $4.796 gallon. 
For the year, the PADD 4 region witnessed a surge of $1.42 gallon.

   West Coast diesel prices rose 30cts on the week to average $5.856 gallon. 
For the year, the PADD 5 region advanced by $1.653 gallon.

   West Coast less California diesel climbed 27.2cts on a weekly basis to $5.36 
gallon. This represented a $1.645 gallon rise on the year.

   California diesel itself rose 33.2cts on the week to $6.428 gallon. Prices 
in the state remain the highest in the nation, sitting $1.662 gallon above last 
year's level.




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