Diesel tops $3 per gallon in California

| Monday, April 16, 2007

California diesel soared to more than $3 per gallon and the national average price continued to climb to more than $2.87 for the week ending Monday, April 16, 2007.

The national average price for a gallon of on-highway diesel – taking into account remaining low-sulfur diesel supplies and ultra-low sulfur diesel – was up 3.7 cents for the week, from $2.840 to $2.877 per gallon. That price was 11.2 cents higher than it was the same week of 2006, according to the U.S. Energy Information Administration.

The average price of ultra-low sulfur diesel was up 3.4 cents from $2.853 to $2.887 per gallon, while a gallon of low-sulfur diesel was up 4.6 cents from $2.799 to $2.845.

The EIA separates the two categories while supplies of low-sulfur diesel remain, until that form of diesel is phased out by 2010.

The biggest increase for the week was in the Lower Atlantic region, where ULSD prices increased 5.3 cents from $2.821 to $2.874.

But the big story was in California, where ULSD increased 3.7 cents from $2.978 to $3.015 per gallon, the first time diesel has averaged above $3 since September 2006.

ULSD in the West Coast region increased 3.5 cents to $2.965 per gallon, while the Rocky Mountain region averaged $2.986 – an increase of 3 cents from the previous week.

The Gulf Coast region had a price of $2.842, up 3.7 cents from $2.805.

ULSD in the East Coast region jumped 4.5 cents from $2.830 to $2.875, while the New England region reported a 4.9-cent increase from $2.819 to $2.868.

The Central Atlantic region had a price of $2.880, up 3.3 cents from $2.847 to $2.880 per gallon.

ULSD in the Midwest region averaged 2.4 cents higher than the previous week, increasing from $2.850 to $2.874.

Crude oil prices were just shy of $64 per barrel on Monday, according to ABC News.

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