U.S. diesel prices saw slight increases in the week ending May 20, the second week of rising prices after a 10-week slump, according to the U.S. Energy Information Administration.
The average price is currently at $3.89 per gallon, inching up 0.6 percent or 2 cents from the previous week. Diesel prices had declined by 31 cents during the 10-week stretch that ended last week. Despite a 4.5 cent increase over the past two weeks, the current price is still 1.7 percent below the same week in 2012 and is 0.7 percent or 3 cents below where it stood at the beginning of 2013.
All U.S. regions, with the exception of New England, saw increases in diesel prices this week. The West Coast less California region saw the highest rises for the second consecutive week, experiencing a 4.9 cent climb. The average price in New England slid 0.4 cents. This week, the overall West Coast region joined California above the $4 per gallon mark at $4.008 and $4.072 respectively. The West Coast less California region remained below $4 at $3.932.