• Diesel spike pushes price above year-ago levels

    Diesel fuel prices have made the first significant upward move since October, giving back six weeks’ worth of decreases.
    Dec. 6, 2016

    Diesel fuel prices have made the first significant upward move since October, giving back six weeks’ worth of decreases.

    The average U.S. retail pump price for diesel jumped 6 cents in the Dec. 5 report by the Energy Information Administration (EIA), to $2.48 per gallon. The national average has now climber above year-ago prices, up a full dime.

    Every region saw a price increase, paced by the Midwest which posted a gain 7.5 cents ($2.431), and the Gulf Coast, up 7.1 cents to $2.361—still the lowest price for a gallon of diesel in the country.

    Prices were up about a nickel on the East Coast, coming in at $2.526 in New England, $2.602 in the Central Atlantic, and $2.415 in the Lower Atlantic.

    On the West Coast, less California, diesel registered a 4.4-cent increase to $2.679. In California, the price rose 4.3 cents in California to $2.843, the highest price in the lower 48 states.

    Diesel was up less than a penny in the Rocky Mountains, where a gallon was $2.457.

    The national average price for gasoline also jumped, up 5.4 cents for the week to $2.208.

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