Diesel prices average $3.05 per gallon in U.S.

| Monday, October 01, 2007

On-highway diesel in five regions surged above $3.10 per gallon and the national average increased to nearly $3.05 for the week ending Monday, Oct. 1, 2007.

The combined average for ultra-low sulfur diesel and low-sulfur diesel was $3.048. That’s 50.2 cents more expensive than a year ago, the U.S. Energy Information Administration reported.

California ULSD topped $3.143 per gallon, up 5 cents from $3.093 the previous week, to regain its status as the nation’s most-expensive region to buy diesel.

The Central Atlantic region averaged $3.138 per gallon for ULSD following an increase of 1.5 cents.

The Rocky Mountain region averaged $3.105 for ULSD after a steep increase of 7.3 cents per gallon.

The West Coast region had an average increase of 3.8 cents, pushing prices from $3.062 to $3.100 per gallon.

The only region to remain under the $3 mark was the Gulf Coast region at $2.977 per gallon, up four-tenths of a cent from the previous week.

ULSD in the Lower Atlantic had the next cheapest average at $3.012, up 1.4 cents from the previous week.

The East Coast region averaged $3.062, up 1.5 cents from $3.047, while in the New England region, ULSD prices increased 1.7 cents from $3.10 to $3.117.

The Midwest regional average increased 1 cent to $3.075, the EIA reported.

Oil prices have remained above $80 per barrel where they have been for the last week.

Thompson Financial reported that light sweet crude oil was trading Monday at $81.60 per barrel.

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