Diesel Rises 2.6¢ to $2.582 a Gallon
The U.S. average retail price of diesel rose 2.6 cents to $2.582 a gallon, the Department of Energy reported April 10.
It was diesel’s second increase after three consecutive declines. Prices rose in all regions, with California posting the highest at $2.935.
The price of trucking’s main fuel was lowest in the Gulf Coast at $2.446, according to DOE’s Energy Information Administration.
Diesel costs 45.4 cents more than a year ago, DOE said.
The price of gasoline increased 6.4 cents to $2.424. Gasoline is 35.5 cents more expensive than it was a year ago.
Gasoline increased the most in the Lower Atlantic region, increasing 8.3 cents to $2.318 a gallon.
U.S. fuel producers typically boost crude processing at this time of year as they prepare for the summer surge in demand. In a sign that they’ve already started, a government report showed refineries operating at the highest rate in about three months, Bloomberg News reported.
Gasoline and diesel producers used 90.8% of their crude-processing capacity in the week ended March 31, the most since Jan. 6, according to the Energy Information Administration. Meanwhile, gasoline inventories have fallen almost 8% since mid-February, to 239.1 million barrels.
