Recent Price Increase has Diesel at Highest Level Since 2014

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Recent Price Increase has Diesel at Highest Level Since 2014
Recent Price Increase has Diesel at Highest Level Since 2014

Another weekly increase in diesel fuel prices has driven prices to their highest point since the end of 2014, according to the Department of Energy’s weekly report.

The U.S.’ average price for a gallon of on-highway diesel is now $3.157, up 2.4 cents from last week and up 18.4 cents over the last four months, since the beginning of the year. The last time prices were higher than the current average was the week ending Dec. 29, 2014, when diesel averaged $3.213 per gallon nationwide.

Prices increased in all regions across the country, with the most significant increase in the Midwest region, which saw a 3.6-cent jump during the week.

After the sixth consecutive week of rising prices, the most expensive diesel in the U.S. can be found in California at $3.834 per gallon, followed by the West Coast less California region at $3.394 per gallon.

The cheapest fuel can be found in the Gulf Coast region at $2.946 – the only region below $3 per gallon. The Lower Atlantic region is home to the next-lowest average fuel prices at $3.042 per gallon.

Prices in other regions, according to the DOE, are:

    New England – $3.203
    Central Atlantic – $3.321
    Rocky Mountain – $3.215

    Midwest – $3.083

ProMiles’ numbers during the week saw fuel prices during the week jump 2.8 cents to $3.107 per gallon nationwide.

According to ProMiles’ Fuel Surcharge Index, the most expensive diesel can be found in California at $3.872 per gallon, and the cheapest can be found in the Gulf Coast region at $2.96 per gallon.