Diesel prices jump to $1.704 per gallon

| 2/24/2003

According to figures released by the Department of Energy’s Energy Information Administration (EIA) Feb. 17, the national average cost of diesel fuel per gallon this week rose to $1.704 from last week's average of $1.662.

Reportedly, $1.704 is the highest cost of diesel per gallon ever recorded by the EIA. The previous high was $1.67, recorded in October 2000.

The highest rates are in the Central Atlantic states, where the price is $1.851; in New England, where the price is $1.885; and in California, where the price is $1.783.

The remaining regions' prices per gallon are as follows: $1.742 on the West Coast; $1.756 on the East Coast; $1.681 in the Midwest; $1.704 in the Lower Atlantic states; $1.67 on the Gulf Coast; and $1.638 in the Rocky Mountain Region.

NOTE: For a state-by-state rundown of this year's fuel trends and states that have a fuel surcharge, visit www.ooida.com. Click on the “Fuel Prices” link in the blue box at left.