Diesel prices increase to $2.80 per gallon

| Monday, January 04, 2010

U.S. on-highway diesel increased by an average of 6.5 cents per gallon to just shy of $2.80 for the week ending Monday, Jan. 4.

For 200 gallons, the increase means truckers are paying $13 more for the fill-up than they did the previous week.

The U.S. Energy Information Administration reported across-the-board increases from as low as 1.8 cents per gallon in the Rocky Mountain region to as much as 7.9 cents per gallon in the Lower Atlantic region.

California is once again nearing $3 diesel. The weekly average there was $2.959 per gallon, up 5.7 cents from the previous week at $2.902.

The cheapest diesel including taxes, according to the EIA, belonged to the Rocky Mountain states with an average of $2.746.

West Coast fuel averaged $2.908 for the week, up 6.7 cents. Heading east of the Rockies, the Midwest averaged $2.771 per gallon following an increase of 6.4 cents per gallon.

East Coast diesel averaged $2.827 for the week, up 7.8 cents from $2.749.

The ProMiles daily average for Monday was $2.804 including taxes, with 35 individual states showing increases in their daily prices.

According to the New York Mercantile Exchange, futures for delivery of light sweet crude in February were trading at $81.68 per barrel at midday on Monday. That was up $2.23 per barrel from the price at the opening bell.

– By David Tanner, staff writer
david_tanner@landlinemag.com