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Diesel prices end seven-week decline, go up just less than a penny

The average price of diesel for the week ending Jan. 21 was $3.902. (The Trucker file photo)

The Trucker Staff

1/22/2013

WASHINGTON — It was probably too good to be true, that seven week slide in diesel prices.

And it was with the Energy Information Administration of the Department of Energy reporting Tuesday that the average price on an on-highway gallon of diesel increase eight tenth of one penny to $3.902 for the week ending Jan. 21

The release of the EIA data was delayed one day this week because of the Martin Luther King holiday Monday.

Over the past seven weeks, the average price had fallen from $4.034 for the week ending Nov. 26 to $3.894 last week.

This week’s increase came despite declines on the East Coast, which were somewhat expected as the after math of Hurricane Sandy subsided as far as transportation is concerned.

The largest increase this week was in California where the price increased 1.9 cents.

The price this week is 5.4 cents higher than one year ago.

For a complete list of prices for the past three weeks by region, click here.

The Trucker staff can be reached to comment on this article at editor@thetrucker.com.

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