U.S. diesel price climbs 2.3 cents, $2.314

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The national average retail price of a gallon of diesel increased for only the second time in six months, climbing 2.3 cents to $2.314 for the week ending Monday, Jan. 12. Still, this week’s price is $1.012 less than the same week last year, according to the U.S. Department of Energy.

Prior to this week, the U.S. average price had fallen $2.473 after hitting a record high of $4.764 on July 14. Since then, the price had fallen 24 of the last 25 weeks, with the only increase happening Sept. 29 when the price climbed one-tenth of a cent.

All regions tracked by DOE saw price increases. The largest increase by region, 7.8 cents, was found on the West Coast, where week-over-week prices climbed to $2.353. The smallest increase by region, 1.2 cents, was found in the Lower Atlantic, where week-over-week prices climbed to $2.322.

The nation’s most expensive diesel by region, $2.621, was found in New England, where week-over-week prices increased 2.5 cents. The nation’s least expensive diesel by region, $2.235, was found in the Rocky Mountains, where week-over-week prices increased 2.0 cents.

California, which DOE tracks separately for its weekly update, saw an price increase of 9.5 cents to $2.334; still, that price is $1.125 cheaper than last year. For state-by-state diesel prices, updated daily, click here.