Diesel prices climbing as 2007 ends

| Wednesday, January 02, 2008

Fuel prices were on the rise again as 2007 came to a close.

The national average price for on-highway diesel increased 3.7 cents to reach $3.345 per gallon for the week ending Monday, Dec. 31, 2007.

The national average price for ultra-low sulfur diesel was $3.356, up 3.5 cents, while remaining supplies of low-sulfur diesel increased 4.7 cents to $3.272.

Average ULSD prices increased in each of the nine pipeline regions tracked by the U.S. Energy Information Administration.

The largest increase was 5.7 cents per gallon in California, where ULSD averaged $3.491.

An average of $3.600 in the New England region, up 1.6 cents from the previous week, was the highest in the nation.

The Central Atlantic region averaged $3.525, up 2.5 cents from $3.500.

The Lower Atlantic region averaged $3.336 per gallon following an increase of 4.7 cents.

Average prices in the East Coast region reached $3.421, up 3.7 cents from $3.384 per gallon.

ULSD in the West Coast region increased 4.1 cents per gallon from $3.422 to $3.463.

The Gulf Coast region averaged $3.297 following an increase of 4.7 cents.

The cheapest regional average for ULSD was $3.275 per gallon in the Rocky Mountain region. The average price there increased three-tenths of a cent.

ULSD prices in the Midwest region averaged $3.325, up 3 cents.

Click here to read about the 58-percent increase in the price of crude oil in 2007.

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