Wednesday, January 17, 2018

On-highway diesel climbs 5 cents a gallon


Monday, August 7, 2017
by DOROTHY COX/The Trucker Staff

Truckers in the EIA’s Rocky Mountain reporting region saw diesel leap almost 6 cents a gallon, to $2.673 from $2.615 the week prior, while in the Midwest region, truckers found themselves paying 5.7 cents more for diesel at the pump, $2.543 compared with $2.486. (The Trucker file photo)
Truckers in the EIA’s Rocky Mountain reporting region saw diesel leap almost 6 cents a gallon, to $2.673 from $2.615 the week prior, while in the Midwest region, truckers found themselves paying 5.7 cents more for diesel at the pump, $2.543 compared with $2.486. (The Trucker file photo)

On-highway diesel shot up a nickel a gallon today, the Energy Information Administration (EIA) reported, bringing the national average to $2.581 compared with $2.531 last week and $2.507 the week ended July 24.

The last time it was this high was on May 1, when it was $2.583.

Truckers in the EIA’s Rocky Mountain reporting region saw diesel leap almost 6 cents a gallon, to $2.673 from $2.615 the week prior, while in the Midwest region, truckers found themselves paying 5.7 cents more for diesel at the pump, $2.543 compared with $2.486.

In the Lower Atlantic area, prices went up a little more than a nickel (5.2 cents) to $2.514 from $2.462.

In keeping with tradition, diesel this week is the most expensive in California, at $2.930 a gallon, and the Gulf Coast has the cheapest gas at $2.410 a gallon.

Meanwhile, oil prices fell today amid concerns about higher output from the Organization of Petroleum Exporting Countries (OPEC) and the United States, according to Reuters.

Benchmark U.S. crude fell 19 cents, or 0.4 percent, to $49.39 per barrel in New York. Brent crude, the international standard, lost 5 cents, or 0.1 percent, to $52.37 a barrel in London. Wholesale gasoline dipped 2 cents to $1.63 a gallon while heating oil fell 1 cent to $1.64 a gallon, The Associated Press reported. Natural gas gained 3 cents to $2.80 per 1,000 cubic feet.

For more details on diesel prices for today and the past two weeks, click here.

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