Diesel prices up five cents since last week

| Monday, April 09, 2007

The national average price for a gallon of on-highway diesel was up five cents for the week ending Monday, April 7, 2007. The average price of $2.840, up from $2.790 the previous week, was 18.6 cents higher per gallon than it was for the same week in 2006.

The average price of ultra-low sulfur diesel was up five cents from $2.803 to $2.853 per gallon, while a gallon of low-sulfur diesel was up 4.8 cents from $2.751 to $2.799.

The U.S. Energy Information Administration separates the two categories at the national level while supplies of low-sulfur diesel are still available. ULSD was launched in January and will be mandatory by 2010, except in California where it is already mandatory.

ULSD prices increased a minimum of 2.9 cents in all nine of its regions, according to the EIA.

The biggest increase for the week was in the Rocky Mountain region where a gallon of ULSD jumped 6.6 cents from $2.890 to $2.956.

ULSD in the Lower Atlantic region increased 6.1 cents from $2.760 to $2.821.

If recent increases continue, prices could soon hit $3 per gallon in some regions, including California, where a gallon of ULSD averaged $2.978 – up 3.9 cents from $2.939.

The West Coast region had a price of $2.930 for ULSD, up 3.7 cents from the previous average of $2.893.

ULSD in the Midwest region was up 5.9 cents from $2.791 to $2.850.

The New England region averaged $2.819, an increase of 3.6 cents per gallon from $2.783.

ULSD prices in the Central Atlantic region averaged $2.847, up 2.9 cents from the previous price of $2.818, while the East Coast region saw ULSD prices jump 4.8 cents from $2.782 to $2.830.

Crude oil prices that had spiked near $65 per barrel in late March had decreased to about $63 on Monday, according to Gulf News.

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