Diesel price surges to highest in 2 years

| November 16, 2010
Diesel prices has climbed 11.7 cents in two weeks.

The average weekly on-highway diesel price surged for the second straight week, increasing 6.8 cents a gallon this week to the highest level in more than two years, according to the U.S. Department of Energy.

The national average price of $3.184 is the highest price since $3.30 the week of Oct. 27, 2008, based on DOE figures. The current price is 39.4 cents higher than a year ago.

Prices at all regions tracked by DOE rose dramatically, led for the second consecutive week by the Rocky Mountain region’s increase of 7.9 cents to $3.278. The East Coast increased 7.3 cents to $3.187, while the Midwest climbed 6.5 cents to $3.167. California stayed the most expensive, climbing 6 cents to $3.339. 
 
For state-by-state diesel prices, updated daily, click here.

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