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Diesel price surges

| February 07, 2011

For the tenth straight week, the national average retail price of diesel increased, soaring 7.5 cents to $3.513 during the week ended Feb. 7, according to the U.S. Department of Energy’s Energy Information Administration. The price is the highest since Oct. 13, 2008, when it was $3.659.

Prices rose sharply in all regions, led by close to 10-cent gains on the West Coast and in California. New England rose 8.4 cents to $3.717, the highest in the nation. The Midwest increased 7.6 cents to $3.475, while the Gulf Coast gained 7.1 cents to $3.455.

The national average price is 74.4 cents higher than the same week last year.

For state-by-state diesel prices, updated daily, click here.

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