Diesel prices up 1.2 cents to near $2.90 per gallon

| 8/6/2007

The national average price of diesel increased 1.2 cents to $2.898 per gallon for the week ending Monday, Aug. 6.

Despite the increase, the national combined price of ultra-low sulfur diesel and low-sulfur diesel averaged 15.7 cents cheaper than one year ago.

Average ULSD prices by EIA region increased across the board with the exception of California, where ULSD dropped 1.2 cents from $3.152 to $3.140 per gallon.

The largest increase in average price was in the Central Atlantic region, where ULSD climbed from $2.919 to $2.941.

The cheapest ULSD average was in the EIA’s Gulf Coast region at $2.828, up 1.7 cents from the previous week.

ULSD in the Lower Atlantic region increased 1.4 cents from $2.817 to $2.831 for the second cheapest average price.

A number of regions have surpassed or are approaching the $3 mark, including the West Coast region’s average of $3.083, up 1.7 cents from the previous week.

The Rocky Mountain region averaged $3.018 per gallon, up nine-tenths of a cent from $3.009.

The EIA’s New England region edged closer to $3 per gallon, increasing nine-tenths of a cent from $2.946 to $2.955 per gallon.

ULSD in the Midwest region averaged $2.904, up two-tenths of a cent from $2.902 per gallon.

 The East Coast region had an average increase of 1.6 cents from $2.862 to $2.878 per gallon.

– By David Tanner, staff writer