Diesel price continues surge, tops $4 for first time in 11 months
The national average price for a gallon of on-highway diesel in the week ended Feb. 24 breached $4 for the first time since the week ended March 25, 2013, according to the Department of Energy’s Energy Information Administration, who reported the price of diesel rose 2.8 cents nationally to $4.017.
The price has seen a big upswing in each of the last five weeks, rising 14.4 cents since the week ended Jan. 27.
ProMiles too in its Fuel Surcharge Index reported a 2.8-cent increase in the week ended Feb. 24. Its national average price, however, is a few cents lower than the EIA’s — $3.963.
Per the EIA, all regions in the U.S. also had an increase in the average price of diesel, with the Rocky Mountain region leading the way with a 4.5-cent increase, followed by a 3.7-cent increase in the West Coast less California region and a 3.5-cent increase in the West Coast region.
The Central Atlantic region had the smallest increase, one-tenth of a cent, followed by 1.3-cent increase in the New England region and a 1.9-cent increase in the East Coast.
The New England region has the country’s most expensive diesel, $4.369, according to the EIA, followed by the Central Atlantic’s $4.358.
The Gulf Coast Region has the U.S.’ cheapest diesel, $3.806, followed by the West Coast less California region’s $3.948. Those two regions, the Lower Atlantic region and the Rocky Mountain region are the only ones below the $4 threshold.