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Diesel prices skyrocket

| October 17, 2011

After five weeks of declines, the national average retail price of diesel surged 8 cents to $3.801 in the latest week, according to the U.S. Department of Energy’s Energy Information Administration.

Average prices shot up in all regions, except New England, where the price dipped 0.5-cent. The West Coast, excluding California, jumped 10 cents to $4.01. California added 7.6 cents, pushing the average price above $4 a gallon to $4.053. The Lower Atlantic region rose 8.7 cents to $3.761, while the Midwest increased 8.3 cents to $3.754.

With the price increase, the national average price is 72.8 cents higher than a year ago. The record diesel price was $4.764 in July 2008.

For diesel price information, click here.

  • John Scott

    This is always typical this time of year with diesel competing with heating oil. My concern is still the sluggish freight volume week by week and the fact rates are actually falling off again. I am about ready to say let the Mexican trucks take over. I am tired of working for pennies on the dollar.

  • jim simpson

    there is no future at rate the cost of operation is now we need better rates in order to upgrade equiptment and have enough to do what we for our famalies

    the way it is now its rob peter to pay paul the first thing to go is good maintainance strives to maintain an open forum for reader opinions. Click here to read our comment policy.