Diesel continues climb, up another 8 cents

| February 12, 2013

In what appears to be a longer term trend upwards, the price of diesel fuel surged again this week, climbing 8.2 cents to $4.014 for the week ended Feb. 11, according to the U.S. Department of Energy.

The national average diesel price has risen 21 cents in the last month after a slow but steady fall in the three months prior. The price is 16.1 cents higher than the same week in 2012.

The price jumped more than 9 cents in the week ended Feb. 4. Average prices in all regions continued to surge, too, with big jumps coming in the Rocky Mountain Region, though it still hast he nation’s lowest average price.

For more on regional trends, see Overdrive sister site CCJ‘s report. For more historical information, see the DOE’s Energy Information Administration’s website.

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  • localnet

    Currency War, dear leader and Bernyankme are continuing to work their voodo keynsian magic on our crumbling economy, along with goading the rest of the world in the same direction. Abe of Japan has already started devaluing the Yen, as Russia and China are buying gold by the container load to back their fiat currencies… I believe we will see $5 a gallon by summer as the currency war kicks into high gear.

  • Big R Phillips

    Yeah ok localnet….numb nuts!

  • Jerry

    I’m glad we don’t have to pay that much for fuel here.

  • localnet

    Please explain your numb nuts remark? Is there not a world wide currency devaluation happening right now, led by the US federal Reserve? Is not Japan publicly devalueing their currency? Is not Russia and China buying gold by the ton to bolster their currencies? Is not the Euro in trouble, and has devalued significantly over the past 2 years?

    Commodity prices continue to climb, as the US dollar continues its decline due to the continual spending, lose fiscal policies, borrowing and out right theft of tax payers monies to prop up this entire mess. Commodity prices are traded in US Dollars, when our currency is weak, as it is now, it takes more dollars to purchase said commodities, LIKE OIL.

    We may get lucky and trend more towards a deflation, which is what I am betting on. But, that does not mean that all markets and or commodities will be deflationary, even though it is in other sectors like housing. Precious metals for one should start trending upwards, along with oil and gas, as these commodities will now be viewed a hedge or investment vehicle as our countries economy continues its slow death spiral.

    Please correct anything I have stated, I’m waiting to hear this…

  • jescott418

    Yeah! Plus freight rates are doing so well right now too. Its a great time to be a owner operator! NOT.

  • adamvmax

    dont listen kevin rutherford so much