EIA: U.S. Retail Diesel Prices Up 7.1cts on Week

DAVENPORT, FL (DTN) — The national average weekly price for retail diesel fuel increased by 7.1cts as of Monday (1/19) amid higher pricing across most U.S. regions, pricing data released Wednesday (1/21) by the Energy Information Administration (EIA) showed.

The national average for retail diesel fuel stood at $3.53 gallon, snapping a five-week declining streak. The national average was also down by 18.5cts year-over-year. Only the New England (PADD 1A) region showed higher pricing compared with the same period last year.

Winter temperatures and heating demand in mid-January remained a factor for distillate markets, with colder conditions forecast across parts of the central and eastern U.S., supporting stronger space-heating demand.

The East Coast (PADD 1) saw average diesel prices move higher by 4cts to $3.653 gallon as of January 19, while standing down by 16.7cts year-over-year.

Weekly diesel prices in New England (PADD 1A) slipped by 0.3cts to $4.007 gallon, while remaining up by 6.3cts year-over-year.

In the Central Atlantic (PADD 1B), diesel edged lower by 1.5cts to $3.843 gallon, while standing down by 13.3cts from the same period last year.

In the Lower Atlantic (PADD 1C), diesel increased by 6.4cts to $3.548 gallon, and was down by 20.2cts year-over-year.

In the Midwest (PADD 2), diesel prices rose by 8cts to $3.445 gallon and were down by 20.3cts from the same week last year.

In the Gulf Coast (PADD 3), weekly average diesel prices climbed by 8.8cts to $3.248 gallon, while sliding by 20.7cts from a year earlier, supported by ample refining capacity and steady supply.

In the Rocky Mountain region (PADD 4), diesel increased by 6.1cts to $3.246 gallon. PADD 4 diesel was also down by 23.9cts from the same period last year.

In the West Coast (PADD 5), weekly average diesel prices rose by 7.9cts to $4.189 gallon, while marking an 11.3cts year-over-year decline.

Diesel prices at West Coast less California increased by 10.8cts to $3.782 gallon last week. Year-over-year, prices were down by 8.3cts.

California diesel prices increased by 4.5cts to $4.658 gallon on the week and were down by 14.9cts from the same period last year.