Diesel prices up 3.4 cents to $2.02; West Coast soars
Feb. 23, 2005
Average national price for a gallon of diesel up 3.4 to $2.02
The average national price for a gallon of diesel took a sizable 3.4-cent bump last week to $2.02. Crude oil prices jumped to just over $51 per barrel on the New York Mercantile Exchange on concerns of cold weather, the declining dollar, and a possible OPEC production cut, the Associated Press reported.
The West Coast region absorbed the brunt of the price hikes, as the region averaged a 13.1-cent increase to $2.321. This spike gives the region the dubious honor of being the most expensive place to fill up, a crown that New England had held for the past 11 weeks.
New England, now the third most expensive region for diesel, kept the steadiest prices after a 0.1-cent baby step to $2.198. Bargain hunters should fill up in the Gulf Coast region if possible, with prices at $1.943, despite a 2.8-cent bump.
Voice your opinion!
To join the conversation, and become an exclusive member of FleetOwner, create an account today!
Downtime is expensive. This guide shows you how to keep your eet running, reduce repair surprises, and protect your margins—because when your trucks aren’t moving, you’re not...
Learn how fast oil changes can optimize vehicle downtime for fleet owners. Improve revenue and employee productivity while ensuring customer satisfaction with efficient maintenance...
Learn how fast oil changes can optimize vehicle downtime for fleet owners. Improve revenue and employee productivity while ensuring customer satisfaction with efficient maintenance...