Diesel prices shoot up; nears $3 per gallon in California

| Monday, April 17, 2006

The national average price for diesel shot up more than 11 cents for the week ending April 17, according to the U.S. Energy Information Administration.

The average rose to $2.765 per gallon, its highest level and biggest weekly increase since October 2005. For the second week in a row, prices surpassed the $2.62 per gallon summer average predicted by the EIA in its summer fuel outlook, which was issued April 11.

The highest average price was found it California at $2.933 per gallon. Ironically, that state also posted the lowest increase, at 5.2 cents. The rest of the West Coast jumped 6.9 cents to $2.881 per gallon.

The biggest increases were found in the normally steady Midwest and Gulf Coast regions, where prices jumped a staggering 12.1 cents to $2.735 and $2.725 per gallon, respectively.

The Rocky Mountain region was slightly higher than those areas, coming in at $2.756 per gallon.

The East Coast posted some significant increases as well, with the region as a whole rising 11.2 cents to $2.788 per gallon.

Within the East Coast region, New England rose to $2.865 per gallon and the Central Atlantic climbed to $2.876 per gallon. The Lower Atlantic, meanwhile, rose 11.4 cents to $2.743 per gallon.