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Gasoline, Diesel Prices Drop Slightly

This week the price at the pump for a gallon of diesel or a gallon of gasoline decreased marginally from last week.

Although the average price of a gallon of diesel fell nationally, it was by less than 1 cent, according to the U.S. Energy Information Administration’s weekly report. Specifically, diesel fell by 0.7 cents to land at an average of $4.08 per gallon.

Although the price of diesel has been falling the past few weeks, the price per gallon is still on average 33 cents above where it was one year ago.

Prices remain highest on the West Coast, which saw a slightly larger decrease at 2.2 cents per gallon. The price for a gallon of diesel on the West Coast is an average of $4.30. The highest prices are seen in California with a gallon of diesel costing on average $4.38.

The price for a gallon of gasoline also fell this week, on average 2.2 cents per gallon nationally to rest at $3.80.

Benchmark crude oil rose 29 cents on Monday to close at $92.48 per barrel, as investors took heart in a report showing U.S. manufacturing activity rose in September for the first time in four months.

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4/10/2012 – Love’s Says Bulk DEF Rollout Hits Halfway Point
Love’s Travel Stops is now offering bulk DEF at more than half of its travel stop locations across the country and says it’s on track to have bulk DEF available at all travel stops by the end of the year….
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4/10/2012 – Diesel Back on the Rise, Oil at Seven-week Low

Last week’s diesel price decrease was short-lived as the average price rose by 0.6 cents per gallon this week to $4.148 per gallon, while the price of gasoline stayed nearly the same. However, crude-oil futures ended at a seven-week low Monday….
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4/9/2012 – Three Major Oil Companies Settle in “Hot Fuel” Lawsuit
BP Products North America Inc., ConocoPhillips Co. and Shell Oil Products US have agreed to settle lawsuits accusing the oil companies of profiting from “hot fuel,” gasoline or diesel fuel for which price has not been adjusted for temperature….
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