Average price of diesel increases 4 cents to $2.89 per gallon

| Monday, July 16, 2007

The national average price for on-highway diesel rose 4 cents to $2.889 per gallon for the week ending Monday, July 16, 2007.

The U.S. Energy Information Administration reported that the national average price for a combined low-sulfur diesel and ultra-low sulfur diesel was still 3.7 cents cheaper than this time last year.

ULSD averaged $2.902 per gallon on a national scale, up 4.3 cents from $2.859. Remaining supplies of low-sulfur diesel averaged $2.834 per gallon, 2.5 cents higher than the previous week

Prices in California continued to skyrocket as ULSD averaged $3.147 per gallon, 5.7 cents higher than the previous week and 5 cents higher than mid-July of last year.

ULSD in the West Coast region also averaged over the $3 mark for the week, increasing 4.6 cents to $3.042 per gallon.

ULSD inched closer to $3 per gallon in several regions, with the Rocky Mountain region averaging 2.1 cents higher at $2.983 per gallon.

The biggest increase occurred in the Midwest region, where ULSD averaged $2.896, a 6.4-cent increase from the previous week’s average of $2.822.

ULSD in the Gulf Coast region was still the cheapest on average, despite a 3.8-cent increase from $2.787 to $2.825 per gallon.

The East Coast region averaged $2.888 per gallon for ULSD, up 2.2 cents from $2.866.

The average price for ULSD in the Lower Atlantic region was $2.846, up 3.1 cents from the previous week’s average of $2.815.

ULSD averaged $2.945 in the Central Atlantic region – an increase of 1.2 cents per gallon – while the New England region averaged $2.959, 1.7 cents higher than the previous week’s average of $2.942.

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