On-highway diesel prices leap 7.5 cents per gallon

| Monday, August 10, 2009

If it seems as though you’re paying quite a bit more for fuel than you were a month ago, it might be because diesel prices have jumped nearly a dime in three weeks.

The Energy Information Administration’s weekly on-highway diesel price report showed a 7.5-cent-per-gallon increase in the national average on its Aug. 10 report – up to a national average of $2.625 per gallon.

That marked the third straight week the national average price of on-highway diesel has increased. However, the price remains $1.728 per gallon cheaper than the same week of 2008.

Most regions in the country showed week-to-week increase of more than 8 cents per gallon.

The EIA’s Lower Atlantic region led with an 8.9-cent-per-gallon increase, bringing the region’s average to $2.624 per gallon. Three more regions were reported by the EIA to have week-to-week increases of more than 8 cents per gallon.

On the low end, the Rocky Mountain Region’s average increased 3.6 cents per gallon to $2.573. The West Coast as a whole, had the second smallest increase at 5.7 cents per gallon to $2.7. However, California by itself almost made the 8-cent club, with an increase of 7.9 cents per gallon to $2.842.

The following are the national and regional averages according to the Aug. 10 EIA report:

  • U.S. Average: $2.625
  • California: $2.842
  • Central Atlantic: $2.755
  • New England: $2.701
  • West Coast: $2.700
  • East Coast: $2.665
  • Lower Atlantic: $2.624
  • Midwest: $2.601
  • Gulf Coast: $2.581
  • Rocky Mountain: $2.573

– By Jami Jones, senior editor
jami_jones@landlinemag.com

 

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