National diesel price surges past $4

| February 27, 2012
Fuel price at truck stop near Seattle.

The national average diesel price jumped 9.1 cents in the latest week, with sharp increases hitting the West Coast, according to the U.S. Department of Energy’s Energy Information.

It was the seventh increase in the last eight weeks, during which the diesel price has risen 26.8 cents. The latest price rocketed past $4 a gallon to $4.051. A year ago it was 33.5 cents higher.

On the West Coast, prices soared, in part due to the aftermath of a Feb. 18 fire at a fuel refinery in Washington state that processes Alaskan crude oil. The entire West Coast increased 16.2 cents to an average $4.326, while the rise was 17.3 cents to $4.227 in Washington and Oregon. California gained 15.2 cents to $4.41. The price spiked 10.6 cents to $3.992 on the Gulf Coast.

The record diesel price was $4.764 in July 2008.

For diesel price information, click here.

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  • John S

    Just when everyone thought the economy would get better and freight would really increase. Here comes higher fuel prices to kill it all and put us back into a recession possibly.

  • Danie Stepanic

    I move to US 1994 and fuel price was 0.79$ and making good mony. Europe have price tuday 8.$ galon ane electronic logs and gat paid 2$ mil, so u are still ok longes u don have electronic logs

  • Brett Schmidt

    Nothing will change until truck owners realize that general long distance freight should pay 2.80+ per mi. These clowns still running for under 2.00 are crazy. Very few operators seem to know the difference between cash flow and profit

  • cranky

    The backbone of the industry and shippers is ignorance. Slowly and surely O/O will disappear as the big movers get bigger and more and more ruthless.