After a long, leisurely downhill roll all summer, diesel prices rose for the second week in a row, this time by 9.4 cents for the week ending September 23, to stand at $3.081 according to the U.S. Energy Information Administration (EIA). It is the first time the national price of diesel has been over $3 since August 12.
Diesel prices rose in every region in the country, with the largest increases in the regions that have the lowest prices. The Midwest saw the largest gain, and 11 cent jump from a week ago, to finish the week at 2.992. The Gulf Coast, which has the lowest prices in the nation, saw an increase of 9.7 cents, to finish at $2.858. Diesel rose by 9.7 cents in the Lower Atlantic region, as well, to stand at 2.971. With the increases over the last two weeks, they are the only regions where diesel is still under $3 a gallon.
The smallest price bump was felt in New England, where diesel rose 5.7 cents to push the price to $3.07. In the Central Atlantic, diesel rose 7.5 cents to $3.252.
Meanwhile, out on the West Coast, the overall increase was 7.6 cents, with a 7.5 cent increase in California and a 7.7 cent increase everywhere else on the West Coast.
Similarly, diesel rose 7.5 cents in the Rocky Mountain to $3.034
On Monday afternoon, Brent crude, the global benchmark, rose 20 cents, or 0.31%, to stand at $64.48 a barrel. U.S.-based West Texas Intermediate crude was also up, by 40 cents, or 0.69%, to $58.49 a barrel.
Click here for a complete list of average prices by region for the past three weeks.
The Trucker News Staff produces engaging content for not only TheTrucker.com, but also The Trucker Newspaper, which has been serving the trucking industry for more than 30 years. With a focus on drivers, the Trucker News Staff aims to provide relevant, objective content pertaining to the trucking segment of the transportation industry. The Trucker News Staff is based in Little Rock, Arkansas.