Gasoline and Diesel Weekly -- Farm and Highway Fuels Slightly Lower

April 2, 2013 10:55 AM
 

National gasoline prices fell $0.035 to a national average of $3.680 during the report week. Farm diesel fell slightly and highway diesel moved lower everywhere except California.

Farm Diesel --

Farm diesel moved six cents lower again in the Inputs Monitor Regional Index last week to $3.550.

The greatest decline was in Missouri where the price fell $0.09 cents to $3.34/gallon. That marks the third consecutive week Missouri has boasted the cheapest farm diesel nationally. Michigan and Indiana each posted six cent declines but the real story is North Dakota, Nebraska and Ohio all unchanged for three weeks suggesting not much farm diesel is moving there.

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 price declines near-term.

Farm Diesel 4/2/13
Three Weeks Ago
Previous Week
Current Week
Change
Iowa
$3.61
$3.48
$3.47
-$0.01
Illinois
$3.82
$3.49
$3.48
-$0.01
Indiana
$3.76
$3.76
$3.82
+$0.06
Wisconsin
$3.66
$3.56
$3.56
unchanged
Minnesota
$3.61
$3.58
$3.55
-$0.03
South Dakota
$3.67
$3.67
$3.63
-$0.04
North Dakota
$3.66
$3.66
$3.66
unchanged
Nebraska
$3.47
$3.47
$3.47
unchanged
Missouri
$3.46
$3.43
$3.34
-$0.09
Kansas
$3.48
$3.48
$3.47
-$0.01
Ohio
$3.57
$3.57
$3.57
unchanged
Michigan
$3.78
$3.65
$3.59
-$0.06
Midwest Average
$3.62
$3.56
$3.55
-$0.01

 

Gasoline-

Average national retail price for regular gasoline fell $0.035 to $3.645 per gallon -- $0.296 below year-ago prices.

East Coast gasoline down $0.030 to $3.630; Midwest declines $0.060 to $3.597; Gulf Coast $0.025 lower to $3.480; Rocky Mountain rallies to add 0.028 to $3.497, and the West Coast moves $0.017 higher to $3.945.

Highway Diesel --

National average price for highway diesel $0.013 lower nationwide, ending the report week at $3.993 -- $0.149 below year-ago.

East Coast $0.025 lower to $4.025; Midwest highway diesel down $0.009 to $3.970; Gulf Coast $0.020 lower to $3.915; Rocky Mountain regional diesel falls $0.013 to $3.922.

West coast regional diesel showed the only upward motion here as an increase in California contributed to an overall increase on the West Coast of $0.015 to $4.116 -- California alone adds $0.053 to mark the highest priced highway diesel in the nation at $4.200.


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