Diesel prices hit $3 in nine states

| Monday, January 11, 2010

Three-dollar fuel is once again a reality in nine states as the national average price for diesel increased 8 cents for the week ending Monday, Jan. 11, 2010.

The U.S. Energy Administration reported the national average at just under $2.88 per gallon for the week.

Three of the nine EIA regions – the Central Atlantic, New England and California – reported averages above $3 per gallon including taxes. Other areas are not far behind, as both the East Coast and West Coast regions reported averages at $2.92 and $2.97 respectively.

The Rocky Mountain states reported the lowest average by region at just above $2.81. The Midwest and Gulf Coast areas reported averages in the mid-$2.80s per gallon, coming in under the average. The Lower Atlantic region reported an average near $2.86.

Diesel prices are up 56 and-a-half cents per gallon compared to the same week last year. That means a trucker purchasing 200 gallons is paying $567 compared with $463 a year ago.

The tracking site TruckMiles.com, posted by ProMiles, reported the daily average at $2.897 per gallon on Monday, with nine individual states reporting averages above $3 including taxes.

Oil prices were starting to ease during early trading Monday on the New York Mercantile Exchange. February futures for light sweet crude opened the day at $82.88 per barrel and were trading at $82.28 at midday.

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