Diesel prices surge past $5/gal nationwide
A week after diesel fuel prices shot up nearly 75 cents, the U.S.’ national average increased another 40 cents during the week ending March 14, according to the Department of Energy’s Energy Information Administration’s weekly update.
The national average for a gallon of on-highway diesel is now $5.25, marking the first time diesel has crossed the $5 threshold nationwide.
Prices increased in all regions across the country last week, with the most significant increase being seen in California, where prices jumped by 50.5 cents. The West Coast less California saw the second-highest increase last week with a 43.8-cent increase.
With the increase, California becomes the first state with an average above $6 per gallon at $6.264 per gallon. The Central Atlantic region holds the second-highest average at $5.474 per gallon.
The cheapest diesel can be found in the Rocky Mountain region at $4.966 per gallon, followed by the Midwest region at $5.044 per gallon.
Prices in other regions, according to EIA, are:
New England — $5.231
Lower Atlantic — $5.264
Gulf Coast — $5.11
West Coast less California — $5.416
ProMiles’ numbers during the same week saw fuel prices increase by 73.8 cents, bringing its national average to $4.935 per gallon.
According to ProMiles’ Fuel Surcharge Index, the most expensive diesel can be found in California at $5.974 per gallon, and the cheapest can be found in the Rocky Mountain region at $4.741 per gallon.
Original article provided by: https://www.ccjdigital.com/business/article/15289746/fuel-prices-top-5gallon-nationwide
