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DOE/EIA weekly retail diesel price up 4 cents in latest survey

John Kingston
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Image: Jim Allen/FreightWaves

The weekly retail diesel price published by the Department of Energy’s Energy Information Service rose 4 cents per gallon in the latest published number.

The increase means that the key benchmark number in the trucking sector has now risen 11.9 cents per gallon in the past three weeks, following the trend of a stronger diesel market that dominated November.

Here is some of the key market data of the past week that helped lead to the 4-cent increase:

— West Texas Intermediate crude last week, from the settlement on Nov. 20 through last Friday, rose to $45.53 a barrel, a jump of $3.38 over the course of the week. Crude did decline Monday by 19 cents to $45.34 a barrel.


— Ultra low sulfur diesel on the CME commodity exchange, from the Nov. 20 settlement through the Friday settlement, rose to $1.3805 a gallon, a jump of 9.42 cents over over the course of the week. That is an increase of 7.3%.

— The daily average retail diesel price measured by the DTS.USA data stream in SONAR rose to $2.549 a gallon on Monday from $2.482 a gallon on Nov. 20, That’s up 6.7 cents but the number also includes a 1.7-cent drop posted on Monday.

— The daily ultra low sulfur diesel wholesale rack price rose to $1.523 a gallon on Monday, up from $1.452 on Nov. 20, a gain of just over 8 cents a gallon, according to the ULSDR.USA data feed in SONAR.


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John Kingston

John has an almost 40-year career covering commodities, most of the time at S&P Global Platts. He created the Dated Brent benchmark, now the world’s most important crude oil marker. He was Director of Oil, Director of News, the editor in chief of Platts Oilgram News and the “talking head” for Platts on numerous media outlets, including CNBC, Fox Business and Canada’s BNN. He covered metals before joining Platts and then spent a year running Platts’ metals business as well. He was awarded the International Association of Energy Economics Award for Excellence in Written Journalism in 2015. In 2010, he won two Corporate Achievement Awards from McGraw-Hill, an extremely rare accomplishment, one for steering coverage of the BP Deepwater Horizon disaster and the other for the launch of a public affairs television show, Platts Energy Week.