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U.S. on-highway diesel breaks through $4-a-gallon mark, to $4.017

Diesel was up 2.8 cents from what it was selling for nationally a week ago, when it was $3.989.

The Trucker News Services

2/24/2014

U.S. on-highway diesel broke through the $4-a-gallon mark Monday, Feb. 24 to $4.017, the first time it’s been above $4 a gallon nationally since March 25, 2013, when it was $4.006.

Diesel was up 2.8 cents from what it was selling for nationally a week ago, when it was $3.989.

It was up a whopping 4.5 cents a gallon today in the Rocky Mountain reporting sector of the Energy Information Administration of the U.S. Department of Energy, up 3.7 cents in the West Coast region (not counting California), and up 3.4 cents in the Lower Atlantic states compared to the week prior.

In fact, every EIA region reported higher prices Monday, with six of the 10 sectors going above $4 a gallon.

Blame a good deal of the price rise on the frigid weather all across the nation for the past several months.

But wasn’t just Monday’s oil prices. With the almost non-stop onslaught of ice and snow and freezing temperatures, diesel has had time to catch up with oil prices which have been inching up for some time.

For more details on U.S. on-highway diesel, click here.

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

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