Fuel prices surge to 7-year high
A 5.5-cent gain during the most recent week ending Jan. 24 has the national average for diesel prices at its highest since September 2014, according to the Department of Energy’s weekly report.
The U.S.’ average for a gallon of on-highway diesel is now $3.78, surpassing the 2021 high of $3.734 set during the week ending Nov. 15. The last time the national average for diesel was higher was the week ending Sept. 15, 2014, when prices stood at $3.801 per gallon.
Prices increased in all regions across the country last week, with the most significant increase being seen in New England, where prices jumped 7.9 cents.
The nation’s most expensive diesel can be found in California at $4.824 per gallon, followed by the West Coast less California at $4.11 per gallon.
The cheapest fuel can be found in the Gulf Coast region at $3.531 per gallon, followed by Midwest at $3.656 per gallon.
Prices in other regions, according to DOE, are:
New England – $3.777
Central Atlantic – $3.934
Lower Atlantic – $3.686
Rocky Mountain – $3.698
ProMiles’ numbers during the same week saw fuel prices increase by 6.1 cents, bringing its national average to $3.612 per gallon.
According to ProMiles’ Fuel Surcharge Index, the most expensive diesel can be found in California at $4.715 per gallon, and the cheapest can be found in the Gulf Coast region at $3.435 per gallon.
Original article provided by: https://www.ccjdigital.com/business/article/15287790/diesel-prices-surge-to-highest-national-average-since-2014
