Gasoline and Diesel Weekly -- Farm Diesel Unchanged, Highway Fuels Lower

April 17, 2013 06:51 AM
 

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National gasoline prices fell again during this report week. Farm diesel held firm and highway diesel moved lower at all U.S. locations.

Farm Diesel --

Farm diesel was unchanged in your Monitor's weekly index at $3.530 with a one penny move higher in Iowa representing the only movement in the entire index. Growers have booked needs for the spring plant by now and low demand is as much a factor here as in global crude markets.

With eleven of the twelve states in the Inputs Monitor index unchanged -- some for three solid weeks -- and Iowa adding just a penny, trends suggest a seasonal low may be in place for Farm Diesel.

Check with your preferred retailer and consider booking a portion of farm diesel needs for future delivery now.

The National Weather Service predicts cooler temperatures in its recent 6-10 day forecast and another round of snow is predicted for the Dakotas. A good hard cold snap could inflate farm diesel near-term, but this market has not shown itself to be that responsive to immediate drawdowns in the distillate supply for heating oil.

Farm Diesel 4/2/13
Three Weeks Ago
Previous Week
Current Week
Change
Iowa
$3.47
$3.47
$3.48
+$0.01
Illinois
$3.48
$3.48
$3.48
unchanged
Indiana
$3.82
$3.76
$3.76
unchanged
Wisconsin
$3.56
$3.59
$3.59
unchanged
Minnesota
$3.55
$3.54
$3.54
unchanged
South Dakota
$3.63
$3.63
$3.63
unchanged
North Dakota
$3.66
$3.66
$3.66
unchanged
Nebraska
$3.47
$3.46
$3.46
unchanged
Missouri
$3.34
$3.34
$3.34
unchanged
Kansas
$3.47
$3.44
$3.44
unchanged
Ohio
$3.57
$3.42
$3.42
unchanged
Michigan
$3.59
$3.57
$3.57
unchanged
Midwest Average
$3.55
$3.53
$3.53
unchanged

Gasoline-

Average national retail price for regular gasoline fell $0.066 to a national average of $3.542 -- 38 cents below year-ago.

East Coast gasoline down $0.053 to $3.533; Midwest declines $0.097 to $3.456; Gulf Coast $0.071 lower to $3.363; Rocky Mountain trails slightly to $3.507, and the West Coast moves $0.040 lower to $3.888.

Highway Diesel --

National average price for highway diesel $0.035 lower nationwide, ending the report week at $3.942 -- $0.185 below year-ago.

East Coast $0.032 lower to $3.977; Midwest highway diesel down $0.033 to $3.923; Gulf Coast $0.036 lower to $3.852; Rocky Mountain regional diesel falls $0.017 to $3.882; West Coast $0.051 lower to $4.066.


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