Diesel price rises 2nd consecutive week

| July 17, 2012

The national average retail diesel price climbed for the second consecutive week, rising 1.2 cents to $3.695 a gallon during the week ended Monday, July 16, according to the U.S. Department of Energy’s Energy Information Administration.

Last week saw the first price increase after 12 straight weekly declines dating back to April 9; during that time, the price of diesel had dropped 49.9 cents a gallon. Still, this week’s price is 22.8 cents below the same week last year.

Average retail prices rose in most regions, led by a 2.1-cent increase in the Midwest, where the price climbed to $3.659. The only decrease was 0.8 cent in the Rocky Mountains, where the price fell to $3.672. The most expensive diesel on average was $3.886 a gallon in California, while the least expensive diesel on average was $3.617 a gallon on the Gulf Coast.

Complete diesel price information is available on EIA’s Website.

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