Diesel prices edge higher

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Lead mostly by small price increases in California, the Lower Atlantic and Midwest regions, the national average retail price of diesel rose 1.3 cents a gallon during the week ended June 18, the Energy Information Administration said. The $2.805 a gallon average price represents the first increase after two weeks of declining prices, but it is 11 cents below the price during the same week in 2006. The average price for low-sulfur diesel where available was $2.748, while the average for the predominant ultra-low sulfur forumlation was $2.822.

The average retail price of diesel rose 3.6 cents a gallon in California to $3.033. California is the only region where the average price tops $3. The Midwest and Lower Atlantic posted the next highest price increases at 2.1 cents and 2 cents, respectively. Meanwhile, the Rocky Mountain region enjoyed a 3-cent drop in the average price. The New England and Central Atlantic regions saw tiny declines in fuel prices for the week.

For details on the retail diesel price, click here.