Fuel prices have crept
up over the past three weeks, ending a 13-week price crash that
began with the Sept. 11 terrorist attacks. Additional moderate,
but not extreme, price increases are expected in the coming weeks.
"The turnaround had
to happen sometime after a glut of fuel relative to demand developed
due to post-nine-eleven weak demand, and from seasonal and economic
conditions," business news sources quote industry analyst
Trilby Lundberg. "A slight increase in crude oil prices in
the past three weeks supported the fuel price turnaround."
The weekly retail on-highway
diesel prices released by the Energy Department Monday show the
national average cost of diesel dipped slightly from last week
to $1.159 per gallon. The highest prices nationally are in the
New England region. Diesel there flows for $1.295. The lowest
average prices are found in the Gulf Coast region. Fuel there
is $1.127 per gallon. The remaining regions' price per gallon
is as follows: East Coast, $1.192; Central Atlantic, $1.283; Lower
Atlantic, $1.144; Midwest, $1.134; Rocky Mountain, $1.128; West
Coast, $1.226; and California, $1.275, respectively.
Prices dropped about 39
cents a gallon from Sept. 17 to Dec.17. On Jan. 15, 2001, a gallon
of diesel cost about 35 cents more than it does now.