Diesel prices up more than 7 cents

| 3/5/2007

The combined national average price for low-sulfur diesel and ultra-low sulfur diesel jumped more than 7 cents to $2.626 per gallon for the week ending Monday, March 5, 2007.

The average price for a gallon of low-sulfur diesel - which is scheduled to be phased out by 2010 - was up 7.9 cents from $2.505 to $2.584, according to the U.S. Energy Information Administration, which recently started reporting low-sulfur diesel and ULSD prices separately.

ULSD prices averaged $2.640 - up 6.9 cents from the previous price of $2.571.

The EIA breaks down ULSD prices by nine regions, including the state of California, where ULSD prices actually dropped 1.4 cents from $2.911 to $2.897. The other eight regions showed average increases in price.

The biggest increase was 9 cents, which was reported in both the Gulf Coast region and the Rocky Mountain region, where ULSD was $2.587 and $2.658, respectively.

ULSD in the Lower Atlantic region climbed 8.5 cents from $2.483 to $2.568, but that region continued having the lowest average price for the second week in a row.

The Central Atlantic region had an average price of $2.668, up 7 cents from $2.598.

The East Coast region saw a 7.8-cent increase from $2.526 to $2.604, while the New England region had a 4.3-cent increase from $2.650 to $2.693.

ULSD in the Midwest region jumped 8.3 cents from $2.523 to $2.606.

The average price of crude oil had dropped on Monday by more than $1 to about $60 per barrel, The Associated Press reported.