Diesel spikes 9 cents, back above $4

| February 05, 2013

After small but steady notches downward in the last several months, the price of diesel shot up this week 9.5 cents to a national average of $4.022 cents, according to the Department of Energy’s Energy Information Administration. The price had slowly been trending down to a near year-over-year plateau, but after this week’s jump, the price remains nearly 20 cents higher than the same point in January of last year.

The 9.5-cent jump is the highest since August, when prices began a quick ascent from the summer’s lows.

Moreover, the average price rose in all regions of the United States, and the price is above $4 a gallon in all regions but the Rocky Mountain region, the Gulf Coast and the Midwest.. For full regional trends, see Overdrive sister site CCJ‘s full report.

OverdriveOnline.com strives to maintain an open forum for reader opinions. Click here to read our comment policy.