According to figures
released by the Energy Department Feb. 10, the national average cost of
diesel fuel per gallon rose 12 cents to $1.662 from last week’s average
price of $1.542.
Although the average
national price of diesel began to level off in late 2002, actually declining
from $1.46 per gallon in October to $1.40 in late December, international
concerns have pushed prices higher again.
include Venezuela’s oil strike, the looming prospect of war with Iraq,
high crude oil prices and fears of continued terrorist activity at pipelines
Last week, suspected
rebels attacked Colombia's second-largest oil pipeline, detonating explosives
near the town where U.S. Special Forces have initiated counterinsurgency
Some 70 U.S. Special
Forces are deployed in two military bases in Aruaca province to train a
Colombian brigade to defend the 110,000-barrel-per-day pipeline. The U.S.
troops are not allowed to accompany Colombian forces into combat.
The blast immediately
shut down pumping on the Cano Limon pipeline, which serves an oilfield
operated by U.S. Occidental Petroleum Corp. It was the fourth attack on
Cano Limon so far this year.
Diesel sees steady
rise in all regions
Meanwhile, for the first
time in more than two years, the average price of diesel hit the dollar-eighty
mark in two regions of the country: New England, where the price this week
is $1.834; and in the Central Atlantic states, where the price is $1.801.
The remaining regions'
prices per gallon are as follows: $1.716 on the East Coast; $1.70 in California;
$1.653 on the West Coast; $1.669 in the Lower Atlantic region; $1.652 in
the Midwest; $1.632 in the Gulf Coast region; and $1.574 in the Rocky Mountain
NOTE: For a state-by-state
rundown of fuel price averages, visit www.OOIDA.com.
Click on the "Fuel Prices" link in the blue box at left for
daily info provided by ProMiles.