U.S. diesel price climbs 7.6 cents, $2.832

user-gravatar

Fuel-nozzle

After five consecutive weeks of declining prices, the national average retail price of a gallon of diesel soared 7.6 cents to $2.832 for the week ending Monday, Feb. 22. The price, which had fallen 12.2 cents since Jan. 11, is 70.2 cents higher than the same week last year, according to the U.S. Department of Energy.

All regions tracked by DOE saw price increases. The biggest increase, 8.9 cents, was found in the Midwest, where prices climbed to $2.794. The smallest increase, 2.0 cents, was found in New England, where prices climbed to $3.011, the nation’s most expensive diesel by region. The nation’s least expensive diesel by region, $2.793, was found in the Gulf Coast, where prices climbed 7.5 cents.

California, which DOE tracks separately for its weekly update, saw a price increase of 7.8 cents to $2.980; that price is 76.1 cents higher than the same week last year.