Diesel prices surge last week

Avery Vise | March 07, 2011

Based on data from truckstops over the last week, the price of diesel appears to have jumped significantly over the previous week.

Last week’s Energy Information Administration report showed a 14.3-cent jump in diesel prices in the wake of turmoil in Libya and the Middle East.  According to www.FuelSurchargeIndex.org, advances of 8 to 9 cents a gallon were common during the week of Feb. 28, and some locations jumped more than 20 cents a gallon.

For example, drivers along the lane from Atlanta to Buffalo, N.Y., would have experienced an average increase of 12.5 cents a gallon since the EIA number was published on Feb. 28. Average prices in that lane were up 26 cents from Feb. 21. As of March 4, 97 truckstops in that lane showed diesel at $3.999 a gallon.

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