The average price for a gallon of diesel nationwide climbed from $3.006 to $3.048, according to the U.S. Energy Information Administration (EIA). With the weekly increase of 4.2 cents, diesel is 4.1 cents more than it was a year ago and the highest it has been since Dec. 31, 2018, when it was also $3.048.
Diesel prices rose in every EIA region in the country, with the Midwest seeing the largest spike, 6.5 cents, from $2.904 to $2.969, to remain of four regions where the diesel is still below $3 per gallon.
The Gulf Coast saw a 4-cent jump, but the region continues to have the lowest diesel prices in the nation, at $2.849.
Prices rose the least on the East Coast, particularly in New England, where the price rose a mere $0.006, from $3.165 to $3.171. In the Lower Atlantic, the price increase was $0.022, to finish at $2.949. With the Central Atlantic region logging a 3-cent jump, the East Coast overall saw a net gain of $0.021, to $3.094 per gallon.
The Rocky Mountain region also had one of the smaller increases, $0.026, from $2.887 to $2.913. Three weeks ago, every region in the nation had lower diesel prices than a year earlier. With the recent upsurge, The Rocky Mountain region is the only region where the year-to-year price is still lower.
On the West Coast, the price jump was $0.035 overall, with a jump of $0.033 in California, and $0.037 on the rest of the coast.
On Monday, Brent crude, the international benchmark for oil, fell $2.36, or 3.50 percent, to $64.76 a barrel. U.S. crude ended Monday’s session down $1.78, or 3.1 percent, at $55.48.
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.