Gasoline and Diesel Weekly -- Farm and Highway Fuels Continue to Soften

April 9, 2013 05:45 AM
 

National gasoline prices fell $0.037 to a national average of $3.608 during the report week. Farm diesel fell slightly and highway diesel moved lower everywhere except the West Coast.

Farm Diesel --

Farm diesel moved two cents lower in the Inputs Monitor Regional Index last week to $3.530.

The greatest decline was in Ohio where the price fell a whopping $0.15 cents to $3.42/gallon. Indiana farm diesel fell six cents and Kansas sheds another three cents to $3.44.

We expect the transition from the home heating season to the home cooling season to help build the distillate supply. As long as air conditioner weather can hold off for a month or so, production should favor continued price declines in farm diesel near-term.

Farm Diesel 4/9/13
Three Weeks Ago
Previous Week
Current Week
Change
Iowa
$3.48
$3.47
$3.47
unchanged
Illinois
$3.49
$3.48
$3.48
unchanged
Indiana
$3.76
$3.82
$3.76
-$0.06
Wisconsin
$3.56
$3.56
$3.59
+$0.03
Minnesota
$3.58
$3.55
$3.54
-$0.01
South Dakota
$3.67
$3.63
$3.63
unchanged
North Dakota
$3.66
$3.66
$3.66
unchanged
Nebraska
$3.47
$3.47
$3.46
-$0.01
Missouri
$3.43
$3.34
$3.34
unchanged
Kansas
$3.48
$3.47
$3.44
-$0.03
Ohio
$3.57
$3.57
$3.42
-$0.15
Michigan
$3.65
$3.59
$3.57
-$0.02
Midwest Average
$3.56
$3.55
$3.53
-$0.02

 

Gasoline-

Average national retail price for regular gasoline fell $0.037 to $3.608 per gallon -- $0.331 below year-ago prices.

East Coast gasoline down $0.044 to $3.586; Midwest declines $0.044 to $3.553; Gulf Coast $0.046 lower to $3.434; Rocky Mountain rallies slightly again to add 0.026 to $3.523, and the West Coast moves $0.017 lower to $3.928.

Highway Diesel --

National average price for highway diesel $0.016 lower nationwide, ending the report week at $3.977 -- $0.171 below year-ago.

East Coast $0.016 lower to $4.009; Midwest highway diesel down $0.014 to $3.956; Gulf Coast $0.027 lower to $3.888; Rocky Mountain regional diesel falls $0.023 to $3.899.

West Coast up just $0.001 to $4.117 -- California alone falls $0.004 to mark the highest priced highway diesel in the nation for the second starlight week at $4.196.


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