Another record-high week for diesel as national average jumps to $4.76

| 7/14/2008

For a second straight week, the national average for diesel has set a new record high – jumping 3.7 cents to average $4.764 a gallon, the U.S. Energy Information Administration reported Monday, July 14.

After a slight decline in fuel prices in June, the EIA is reporting a spike of at least 11.9 cent a gallon for diesel during the first two weeks in July.

This has truckers paying at least $1.875 a gallon more for diesel during this same time period in 2007.

All nine regions are reporting price increases this past week for diesel.

The Rocky Mountain region is reporting the highest weekly increase of 4.7 cents a gallon to average $4.723 for diesel. Fuel prices rose 4.5 cents a gallon in the Midwest to average $4.705, while the Gulf Coast region is reporting a 4-cent increase to average $4.739 for diesel.

The regional average for the Lower Atlantic is up 3.7 cents to $4.782, while fuel prices are up 3.3 cents a gallon to average $4.832 in the East Coast region.

The average price jumped 2.6 cents a gallon for diesel in the New England region to average $4.889, while fuel increased 2.5 cents a gallon in the Central Atlantic region to average $4.915.

The West Coast region experienced a 2.3-cent per gallon increase to put the average price for a gallon of fuel at $4.916. Although the California region had the lowest average increase this past week for diesel – up 2.3 cents – the region still has the highest average cost for diesel, which is $5.026.