Diesel average jumps two cents; gas at highest ever

| Monday, July 24, 2006

While the average price for diesel rose by 2 cents for the week ending July 24, the average price of gasoline shot past the $3 mark to set a record.

According to the U.S. Energy Information Administration, the national average price for diesel came in at $2.946 per gallon for the week, its highest average since October 2005. That’s up more than 60 cents from the same week in 2005.

Nearly every region reported an increase, except California and the West Coast. In California, prices remained at $3.097 for the second week in a row. Along the rest of the West Coast, the average fell slightly to $3.047 per gallon.

The biggest increases were found in the Gulf Coast and Rocky Mountain regions, where prices rose 2.7 cents to $2.895 and $2.987 per gallon, respectively.

The Midwest also saw an increase, rising 2.4 cents to $2.951 per gallon. That’s the highest average in that region since October 2005.

The average price in the Lower Atlantic region also jumped by 2.4 cents to $2.888 per gallon. The Central Atlantic region broke the $3 mark, rising a penny to $3.002 per gallon. New England saw a bump of less than a penny, hitting an average of $2.972 per gallon.

The East Coast as a whole rose 1.9 cents to $2.925 per gallon.

Prices for gasoline, meanwhile, hit an average of $3.015 per gallon for the week, their highest average ever, according to the Lundberg Survey of 7,000 gas stations across the country.

The previous high for a gallon of regular unleaded gasoline was $3.011 per gallon, set in September 2005.

Comments