The average cost of diesel rose to another record high of
$2.348 per gallon for the week ending July 4, according to the Energy
Though that price is only 1.2 cents higher than the previous
week, it is a whopping 63.2 cents higher than the average for the same week of
California, as usual, had the highest price, coming in at
$$2.554 per gallon, up 3.2 cents per gallon from the previous week. The rest of
the West Coast was nearly 9 cents lower, at $2.467 per gallon.
New England had the next highest prices, coming in at $2.485
per gallon, up less than a penny from the week before. The Central Atlantic
region wasn’t far behind at $2.475 per gallon, while the Lower Atlantic came in
at $2.315 per gallon.
The average for the entire East Coast region rose slightly
to $2.37 per gallon.
The biggest increase came in the Rocky Mountain region,
where prices rose 4 cents to $2.328 per gallon. The Midwest posted the same
price, while the Gulf Coast came in at $2.29 per gallon.
Meanwhile, crude oil prices continued to flirt with the $60
mark, rising above it once again on June 6 as fears of supply disruptions
continued thanks to a tropical storm battered the Gulf of Mexico.
Tropical Storm Cindy shut down as many as 29 production and
drilling platforms in the Gulf of Mexico on July 6.
And Tropical Storm Dennis, which is projected to become a
hurricane, also had its sights set on the Gulf and was expected to hit there