Diesel creeps up to $3.70; still down 23 cents from 2011

The Rocky Mountain region saw the only decrease for the week, down just under a penny per gallon, while the price increased about 2 cents per gallon in the Midwest and Central Atlantic regions.

The Trucker Staff

7/16/2012

WASHINGTON — The average price for a gallon of diesel has risen another penny or so, the second increase after three months of falling prices.

Officially, the nationwide retail on-highway price for a gallon of diesel came in at $3.695, according to the July 16 report by the Energy Information Administration of the Department of Energy. That’s up almost a nickel from the beginning of the month. Still, other than the past couple of weeks, the last time the price of diesel was lower was Feb. 21, 2011, when it was $3.573. And diesel is now 22.8 cents cheaper than it was a year ago.

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The Rocky Mountain region saw the only decrease for the week, down just under a penny per gallon, while the price increased about 2 cents per gallon in the Midwest and Central Atlantic regions.

The New England region had the highest price at $3.848, although the state premium in California brought the average cost of a gallon of diesel there to $3.886.

The lowest regional price was on the Gulf Coast at $3.617, followed by the Lower Atlantic at $3.648 and by the Midwest at $3.659.

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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