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Diesel up a penny to near $3.80 for fourth weekly gain

The price increased 3.3 cents per gallon in the Midwest region, and 2.8 cents in the Rocky Mountain region for the biggest gains. The price of diesel fell a fraction of cent on the West Coast and the Gulf.

The Trucker Staff

7/30/2012

WASHINGTON — The average price for a gallon of diesel has risen for the fourth consecutive week, with July giving back nearly all of the June decline. Still, fuel costs a nickel less than it did to start the summer.

Officially, the nationwide retail on-highway price for a gallon of diesel came in at $3.796, according to the July 30 report by the Energy Information Administration of the Department of Energy. That’s up 1.3 cents from last week and 14.8 cents from the beginning of the month. The price was $3.85 in early June and, other than this summer, the last time diesel was this low was the end of 2011. Diesel is 14.1 cents cheaper than it was a year ago.

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The price increased 3.3 cents per gallon in the Midwest region, and 2.8 cents in the Rocky Mountain region for the biggest gains. The price of diesel fell a fraction of cent on the West Coast and the Gulf.

The New England region had the highest price at $3.931, followed by the Central Atlantic at $3.908. The West Coast came in at $3.898, although the state premium in California brought the average cost of a gallon of diesel there to $3.967.

The lowest regional price was on the Gulf Coast at $3.696, followed by the Rocky Mountains at $3.729.

For a complete record of the last three weeks by region, click here.

Kevin Jones of The Trucker staff can be reached for comment at kevinj@thetrucker.com.

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