The average cost of diesel in the U.S. stayed nearly flat, inching up a five-hundredth of a cent in the week ending Sept. 10 as oil prices rose.
The average cost per gallon, $4.132, is up 27 cents from the same period a year ago and has risen for the last 10 weeks, according to the U.S. Energy Information Administration. Prices slipped in the East Coast’s Lower Atlantic region, the Gulf Coast and California, but prices in all four regions stayed above $4 per barrel. The Rocky Mountain region saw the sharpest increase in prices, with the cost of diesel per gallon rising 2.5 cents to $4.242.
Crude oil for October delivery rose 12 cents, or 0.1 percent, to $96.54 a barrel on the New York Mercantile Exchange, according to Dow Jones Newswires. Investor confidence rose on hopes that the Federal Reserve would unleash new economic stimulus.