U.S. diesel prices set new record

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Following last week’s record high of $4.727, diesel prices inched even higher. For the week ending Monday, July 14, the national average retail price of a gallon of diesel reached a new record of $4.764. Year over year, the price of diesel has increased by $1.875, according to the U.S. Department of Energy.

The average U.S. price has been above $4 for 14 weeks. Every region tracked by DOE saw price increases. Diesel is now the highest in the West Coast region at $4.916, followed closely by the Central Atlantic at $4.915. California, which DOE tracks separately, recorded the nation’s highest diesel price of $5.026, just short of the all-time record in California of $5.027 seven weeks ago.

While the West Coast had the highest price, it also had the smallest increase of any region at 2.3 cents. The least expensive diesel by region was the Midwest at $4.705, but this region also saw the largest increase where week-over-week prices climbed 4.5 cents.

For state-by-state diesel prices, updated daily, click here.