Diesel average climbs to $3.828

By Land Line staff | Tuesday, January 10, 2012

The national average price for on-highway diesel increased nearly 5 cents during the past week. The U.S. Energy Information Administration reported the average at $3.828 for the week ending Monday, Jan. 9. It was the first average increase in five weeks.

The average in California rebounded 6.5 cents for the week to $4.111 per gallon. The East Coast, Central Atlantic and Lower Atlantic regions also posted gains of 6 cents or more for the week. Increases of 5.6 cents in New England and 2.7 cents on the West Coast pushed those regional averages over the $4 mark.

Diesel prices are 50 cents higher than they were a year ago according to the EIA.

Following is a roundup of average prices for the week as posted by the agency:

U.S. – $3.838, up 4.5 cents
East Coast – $3.908, up 6.4 cents
New England – $4.029, up 5.6 cents
Central Atlantic – $3.996, up 6.4 cents
Lower Atlantic – $3.820, up 6.6 cents
Midwest – $3.717, up 3.4 cents
Gulf Coast – $3.750, up 4.1 cents
Rocky Mountain – $3.843, up seven-tenths of a cent
West Coast – $3.927, up 2.7 cents
California – $4.111, up 6.5 cents

ProMiles, which surveys prices in individual states on a daily basis, reported a national average of $3.844 on Tuesday, up eight-tenths of a cent overnight. Prices were on the rise in 38 of the Lower 48 states according to the ProMiles survey.

Oil prices that hit $104 per barrel last week are back on the rise after a brief dip the past few days. Crude was trading at $102.64 per barrel on Tuesday in New York. Reuters says tension in Iran has helped push up the price.

Copyright © OOIDA

Comments