WASHINGTON - Jul 15/16 - SNS -- The weekly diesel price provides a proxy for trends in U.S. truck rates, according to the USDA.
Diesel fuel is a significant expense for agriculture commodity movements by truck, accounting for 37% of the estimated variable cost.
Retail On-Highway Diesel Prices to July 11, 2016 (US$/gallon) Change Change Region Location Price Week ago Year ago I East Coast 2.424 -0.014 -0.491 New England 2.469 -0.013 -0.560 Central Atlantic 2.521 -0.014 -0.517 Lower Atlantic 2.341 -0.014 -0.456 II Midwest 2.385 -0.004 -0.319 III Gulf Coast 2.261 -0.021 -0.447 IV Rocky Mountain 2.445 0.009 -0.342 V West Coast 2.708 -0.001 -0.329 less California 2.596 -0.003 -0.323 California 2.798 0.000 -0.335 Total U.S. 2.414 -0.009 -0.400
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