Diesel Leaps Back Over $4 Mark After 6.5¢ Increase
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A 6.5-cent increase in the national average diesel price has brought trucking’s main fuel back over the $4 mark and left it just 3.7 cents shy of where it was a year ago.
The national average now sits at $4.061 a gallon. The average price rose in nine of the 10 regions surveyed by the Energy Information Administration and was flat in New England. Increases ranged from one-tenth of a cent in the Central Atlantic area to 11 cents in the West Coast less California. In three regions, the price is now higher than it was a year ago:
- In California, diesel went up 3.8 cents to $5.259 a gallon, which is 27 cents more than a year ago.
- In the Midwest, diesel went up 6.2 cents to $4.011, 4.3 cents more than it was a year ago.
- Along the West Coast, diesel increased 7.2 cents to $4.723 a gallon, which is 2.4 cents more than a year ago.
- The national average price for gasoline increased by an even greater amount, climbing 7.4 cents to $3.591 a gallon. That's one-half of 1 cent less than it cost at this time in 2023.
Source: EIA.gov
Other Highlights
The price increase ended a one-week respite when a gallon of trucking’s main fuel dipped below $4 at $3.996.
Diesel’s average price has risen three times in the past four weeks.
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