Diesel prices hit highest point in over a year

A 1.3-cent increase in diesel fuel prices across the U.S. during the week ending Dec. 12 has diesel prices at their highest point in more than a year, according to the Department of Energy’s weekly report.

The average price of a gallon of on-highway diesel is now $2.493, the highest price since fuel was $2.502 per gallon during the week ending Nov. 9, 2015.

Fuel prices dropped by 1 cent in the Rocky Mountain region and by six-tenths of a cent in California. All other regions saw increases during the week, with the most significant increase coming in the Central Atlantic region.

The cheapest fuel can be found in the Gulf Coast region at $2.371 per gallon, followed by the Lower Atlantic region at $2.429 per gallon.

The most expensive fuel is in California at $2.837 per gallon, followed by the West Coast less California region at $2.69 per gallon.

Prices in other regions, according to the DOE, are:

New England – $2.547
Central Atlantic – $2.633
Midwest – $2.446
Rocky Mountain – $2.447

ProMiles’ numbers during the same week also show diesel prices increasing by 1.3 cents to $2.451 per gallon nationwide.

According to ProMiles’ Fuel Surcharge Index, the most expensive diesel can be found in
California at $2.838 per gallon, and the cheapest can be found in the Gulf
Coast region at $2.367 per gallon.

Source:  CCJ Digital

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