Diesel Edges Up for Fourth Week

Diesel Edges Up for Fourth Week

The average price of diesel edged up four-tenths of a cent to $3.078 per gallon last week, according to the U.S. Energy Information Administration. In increments of less than a penny, the price of diesel barely increased over the last two weeks to stretch a four-week run of rising prices.

The slow pace of increases extends an upward trend since prices hit their most recent bottom just over a year ago at $2.09 per gallon on March 23, 2009.

Only on the East Coast did prices fall last week. Diesel dropped six-tenths of a cent to $3.075 per gallon.

The lowest prices in the nation were on the Gulf Coast, where diesel sold for $3.038 per gallon, up four-tenths of a cent from the previous week. On the West Coast, prices were higher than anywhere else in the country at $3.211 per gallon, up eight-tenths of a cent from the previous week.

The biggest change was a relative surge of 2.8 cents to $3.137 per gallon in the Rocky Mountain region.

Contact Thomas L. Gallagher at tgallagher@joc.com.