Diesel average edges closer to $3 mark

| Monday, July 31, 2006

The national average price for diesel took another step closer to the $3 mark, jumping 3.4 cents to $2.980 per gallon for the week ending July 31.

According to the U.S. Energy Information Agency, that is the highest price since October 2005, when diesel hit $3.157 per gallon during the wake of Hurricanes Katrina and Rita. It’s also 63 cents higher than prices for the last week in July of 2005.

The Rocky Mountain region saw the biggest increase, rising a whopping 6.5 cents to $3.052 per gallon. That’s the highest average in that region since May.

The highest average, however, was found in California, even though prices there fell less than a penny to $3.093 per gallon.

The rest of the West Coast, meanwhile, saw an increase of 1.9 cents to $3.066 per gallon.

The Midwest also saw a significant increase, rising 3.7 cents to $2.988 per gallon. The Gulf Coast wasn’t far behind, climbing 3 cents to $2.935 per gallon.

The Central Atlantic came within a penny of the all-time highest price in that region, climbing 2.8 cents to $3.030 per gallon. The Lower Atlantic, meanwhile, came in at $2.924, up 2.6 cents for the previous week. New England posted a 1.9-cent increase to come in at $2.991 per gallon.

The East Coast as a whole climbed 3.3 cents to $2.958 per gallon.

Comments