On-highway diesel was up seven tenths of a penny Tuesday to $2.572 from $2.565 last week, and rose in nine of the Energy Information Administration’s (EIA) 10 reporting regions. The exception was New England, where it went down a penny to $2.658.
U.S. diesel and gasoline prices are usually announced each Monday by EIA but were released Tuesday because of the federal holiday, President’s Day, on Monday.
Truckers in the Gulf Coast region were paying the least for at-the-pump diesel at $2.433, up nine-tenths of a cent from last week, while those truckers in California and coming through the Golden State were paying nearly $3 a gallon at $2.966.
After four straight weeks of declines, the average on-highway price of a gallon of diesel rose slightly last week, also seven tenths of a cent.
Overall, diesel prices are up 58.9 cents from what they were at this time last year.
Diesel is following the price of oil, which has buoyed a little lately, but one analyst predicts that oil could drop back down to the $30-a-barrel level unless the Organization of the Petroleum Exporting Countries or OPEC and other major producers such as Russia, continue to restrain their output.
For details of diesel prices by region click here.