February fuel reports indicated a significant surge in diesel prices across the United States. A notable 5.1-cent increase was reported in the national fuel average, now standing at $3.917 per gallon, nearly $4.
This data was compiled by ProMiles. ProMiles produces a report similar to the federal Energy Information Administration’s (EIA) weekly publication, differing primarily in the type and number of fueling stations used for calculating averages. ProMiles utilizes a direct feed from numerous truck stops, while the EIA surveys 400 truck stops and convenience stores nationwide.
The Midwest region experienced the most substantial increase, rising by 8.8 cents, followed by the Rocky Mountain region with just under a 6-cent increase. The California and West Coast regions saw jumps of approximately 5 cents. According to ProMiles.com, the average U.S. diesel price per gallon on Feb. 12 was $3.917.
AAA reported a retail average U.S. diesel price of $4.004 per gallon on the same day, marking an increase from $3.934 per gallon a week prior. A month ago, the diesel price was $3.935, and a year ago, it was $4.549 per gallon. The highest recorded retail average U.S. diesel price was $5.816 per gallon on June 19, 2022.
In contrast, EIA’s report showed a national diesel price increase of 21 cents, reaching $4.109 per gallon.
Despite the rise, this national average was 33.5 cents less than it was one year ago. Notable increases of 21 cents were observed in the West Coast (excluding California) and Lower Atlantic regions.
The West Coast and Gulf Coast experienced a 17-cent and just over 16-cent increase, respectively, while New England reflected the least change with a 2.6-cent increase. Staying informed about these fluctuations is crucial for truck drivers to navigate their operations effectively amid changing fuel costs.
Source: Land Line
