Diesel rises after week of leveling off

| Monday, May 15, 2006

The national average price for diesel jumped again for the week ending May 15, after having leveled off somewhat the previous week.

According to the Energy Information Administration, the national average was $2.920 per gallon, up more than 2 cents from the previous week. That price is a staggering 76 cents higher than the average for the same week in 2005.

That also marks the first time the national average has come this close to the $3 mark since October 2005.

California had the highest prices as usual, though the average their dropped less than a penny to $3.242 per gallon. The rest of the West Coast wasn’t far behind at $3.192 per gallon.

Prices in other areas spilled over the $3 mark as well. The Rocky Mountain region stayed above that level, at $3.074, for the third week in a row.

Both New England and the Central Atlantic regions breached $3, coming in at $3.003 and $3.014 per gallon, respectively. The Lower Atlantic stayed lower at $2.853 per gallon, while the East Coast as a whole posted an average of $2.907 per gallon.

The Gulf Coast region posted the lowest average, coming in at $2.829 per gallon. And the Midwest, usually on par with the Gulf Coast, broke tradition this week and surged nearly 3 cents to $2.870 per gallon.

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