The price of diesel rose for the seventh consecutive week
On-highway diesel prices rose again in the past week, with the national average standing at $3.171, up $0.014 from a week ago, according the Energy Information Administration (EIA).
This is the seventh consecutive week in which average diesel prices have risen, and it places the current price per gallon at $0.606 above the price a year ago.
Once again, every one of the EIA’s reporting sectors saw prices go up this week. The Rocky Mountain Region saw the largest increase, at $0.034, to $3.18 per gallon. The Midwest and Gulf Coast regions had the smallest increase, $0.009 per gallon each. At its current $2.955, the Gulf Coast remains the only region in which the price of diesel remains under $3 per gallon.
Prices on the West Coast continue to be by far the highest, at $3.662 overall after a $0.022 increase this past week. Taken separately, the price of diesel in California stands at $3.863, with a year-to-year gain of $0.936 per gallon, the highest in the country.
Overall, diesel prices on the East Coast are at $3.178, only slightly higher than the national average. However, the price in the Mid-Atlantic region rose to $3.336, after a weekly increase of $0.015.
Benchmark U.S. crude oil rose $1.01 to end at $70.73 a barrel on the futures market in New York on Monday, pushing above the $70 threshold for the first time since November 2014. The international standard, Brent crude, was up $1.30 to $76.17 in London. For more about diesel prices, click here.