Diesel prices increase 3 cents as gasoline soars

| 5/21/2007

After five weeks of decreases – and with gasoline prices soaring to record levels – the average price for diesel fuel climbed 3 cents to $2.803 per gallon for the week ending Monday, May 21.

The Energy Information Administration reported that a gallon of ultra-low sulfur diesel increased 2.5 cents from $2.797 to $2.822 per gallon, while remaining supplies of low-sulfur diesel increased 4.5 cents from $2.695 to $2.740.

Eight out of nine regions in the U.S. saw the average price of diesel increase, according to the EIA, with the exception of the Rocky Mountain region, where diesel decreased four-tenths of a cent. That region still has the highest price in the nation for ULSD with an average pump price of $3 even.

The cheapest regional average for ULSD was $2.782 per gallon in the Lower Atlantic region despite a significant increase of 3.8 cents per gallon from $2.744.

The Central Atlantic region reported an increase of 2.8 cents from $2.841 to $2.869 for ULSD, while the East Coast region had a 3.3-cent increase per gallon from $2.787 to $2.820.

ULSD in the New England region increased 1.7 cents from $2.864 to $2.881.

The Midwest region reported an average price of $2.792 per gallon for ULSD, up 3 cents from the previous week.

California and West Coast regional average prices did not change much. California ULSD was up three-tenths of a cent to $2.955, while the West Coast region reported an average price of $2.928 – just one-tenth of a cent higher than the previous week.

ULSD in the Gulf Coast region was up 3.2 cents on average, from $2.722 to $2.754 per gallon.

By comparison, gasoline prices continued to shoot upwards, topping $4 per gallon in some cities. One of those was Aspen, CO, according to The Aspen Daily News.

– By David Tanner, staff writer