Diesel prices inch toward $2 mark

| Tuesday, March 04, 2003

According to figures released by the Department of Energy’s Energy Information Administration (EIA) March 3, the national average cost of diesel fuel per gallon this week rose to $1.753 from last week’s average price of $1.709.

Reportedly, $1.753 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 $1.921; in New England, where the price is $1.954; and in California, where the price is $1.832.

The remaining regions' prices per gallon are as follows: $1.805 on the West Coast; $1.795 on the East Coast; $1.735 in the Midwest; $1.726 in the Lower Atlantic states; $1.70 on the Gulf Coast; and $1.736 in the Rocky Mountain Region.