Diesel reverses gear, jumps 18.2 cents to $4.331

The U.S. average price per gallon is up almost a dollar ($0.955) since the first reporting week of this year when it was $3.376.

The Trucker Staff

5/12/2008

WASHINGTON — After a slight decrease last week, the weekly retail on-highway diesel price rose 18.2 cents per gallon setting another new record, according to the Energy Information Administration of the Department of Energy.

For the week ending May 12, the price was $4.331, up $1.558 from the same week one year ago.

All regions showed at least a 12 cent increase, with the Midwest coming in with the largest jump of 19.7 cents a gallon to $4.298. The area with the costliest diesel was the Central Atlantic region at $4.516, which was a 17.1 cent increase from the week before.

In California, the average price per gallon of diesel on May 12 was $4.547, up 16.5 cents from a week ago.

The U.S. average price per gallon is up almost a dollar ($0.955) since the first reporting week of this year when it was $3.376.

For a three week comparison of on-highway diesel prices see chart below.