Diesel prices climbing steadily again

| Monday, January 07, 2008

The average price for a gallon of on-highway diesel increased 3.1 cents to $3.376 for the week ending Monday, Jan. 7, 2008.

The average was 83.9 cents higher than diesel prices posted a year ago according to the U.S. Energy Information Administration.

EIA officials reported increases across the board for ultra-low sulfur diesel in each of the nine pipeline regions.

ULSD increased 4.4 cents per gallon in the New England region, which continued to have the highest average price in the nation at $3.644.

The Central Atlantic region averaged $3.560 for ULSD following an increase of 3.5 cents per gallon, while the Lower Atlantic region averaged $3.377 including a 4.1-cent increase.

The East Coast region averaged $3.458, an increase of 3.7 cents from the previous price of $3.421 per gallon.

California averaged $3.526, up 3.5 cents from $3.491 per gallon, while the West Coast region averaged $3.484 for ULSD following a 2.1-cent increase.

The Rocky Mountain region, overall the cheapest average price in the nation, was priced at $3.281 for the week, up six-tenths of a cent.

ULSD in the Gulf Coast region increased 2.5 cents per gallon from $3.297 to $3.322.

In the Midwest, ULSD averaged $3.361, up 3.6 cents from $3.325 per gallon.

During Monday trading, the New York Mercantile Exchange, a frequent source for EIA statistics, reported a price of $95.09 for a barrel of light sweet crude oil in the February futures market.

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