Thursday, January 18, 2018

On-highway diesel moves up 1.7 cents a gallon to $2.598


Monday, August 14, 2017
by DOROTHY COX/The Trucker Staff

The last time California saw diesel above $3 a gallon was August 3, 2015, and the last time the national average was above the $3-a-gallon mark was January 12, 2015. (The Trucker file photo)
The last time California saw diesel above $3 a gallon was August 3, 2015, and the last time the national average was above the $3-a-gallon mark was January 12, 2015. (The Trucker file photo)

On-highway diesel prices continued their upward trek today, moving up 1.7 cents a gallon to $2.598 for the national average, the federal Energy Information Administration (EIA) reported.

Oil prices have fallen two weeks in a row but diesel has yet to follow suit.

Diesel prices had been falling since June 5, then began an upswing on July 3 that has continued for seven weeks in a row counting today.

In the EIA’s Gulf Coast reporting region, diesel prices stayed the same from last week at $2.410 a gallon, the cheapest in the nation, but in the remaining nine of the EIA’s 10 sectors, diesel went up from the week prior.

Truckers in California were paying the most for diesel, $2.949, and if diesel prices continue their trend, the Golden State will soon see prices above the $3-a-gallon level.

The last time California saw diesel above $3 a gallon was August 3, 2015, and the last time the national average was above the $3-a-gallon mark was January 12, 2015.

For more details on diesel prices by region click here.

U.S. crude oil lost $1.23, or 2.5 percent, to $47.59 a barrel in New York, The Associated Press reported. Brent crude, the international standard, shed $1.37, or 2.6 percent, to $50.73 a barrel in London. Energy companies finished with modest losses.

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