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Diesel jumps another 9 cents, national average tops $4.05

The price for a gallon of diesel has risen 24 cents in the first two months of 2012.

The Trucker Staff

2/27/2012

WASHINGTON — The average price for a gallon of diesel has jumped another 9.1 cents, bringing the cost of fuel to the highest level since the run-up last spring.

Officially, the nationwide retail on-highway price for a gallon of diesel came in at $4.051, according to the Feb. 27 report by the Energy Information Administration of the Department of Energy. The last time fuel prices were this high was May 16, 2011.

The price has risen 24 cents in the first two months of 2012.

The West Coast region saw the biggest increase, up 16.2 cents per gallon, while the price rose 10.6 cents on the Gulf Coast.

The West Coast also had the highest regional price at $4.326, and that includes California, where the state premium brought the average cost of a gallon of diesel there to $4.41. The price on the East Coast was $4.134.

The Midwest region had the lowest average price, $3.914.

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Diesel prices nationally are up 33.5 cents a gallon from a year ago.

For a complete record of the last three weeks by region, click here.

Kevin Jones of The Trucker staff can be reached for comment at kevinj@thetrucker.com.

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