Diesel jumps 11.5 cents, highest price since May

The price of diesel increased 19.3 cents per gallon on the West Coast, 14.5 cents in the Rocky Mountain region and 11.7 cents in the Midwest region for the biggest gains.

The Trucker Staff

8/13/2012

WASHINGTON — The average price for a gallon of diesel has risen for the sixth consecutive week, hitting the highest price since mid-May. Optimists will note that fuel still costs about 3 cents less than it did a year ago.

Officially, the nationwide retail on-highway price for a gallon of diesel came in at $3.965, according to the Aug. 13 report by the Energy Information Administration of the Department of Energy. That’s up 11.5 cents from last week, the largest one-week jump since Aug. 1 last year.

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The price increased 19.3 cents per gallon on the West Coast, 14.5 cents in the Rocky Mountain region and 11.7 cents in the Midwest region for the biggest gains.

The West Coast also had the highest price at $4.152, although the state premium in California brought the average cost of a gallon of diesel there to $4.215. Fuel also just topped $4 per gallon in New England and the Central Atlantic.

The lowest regional price was on the Gulf Coast at $3.856, followed by the Lower Atlantic at $3.901.

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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