Diesel price jumps more than 6 cents

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Updated Aug 10, 2010

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The national retail price of on-highway diesel jumped 6.3 cents to $2.991 per gallon during the week ending Monday, Aug. 9. The price of diesel, which is now up in three consecutive weeks, is 36.6 cents higher than the same week last year, according to the U.S. Department of Energy’s Energy Information Administration.

Diesel prices were higher in every region than they were the week before. The smallest increase was in New England where prices were on average 1.8 cents higher than the previous week. The lower Atlantic region saw the biggest jump at 7.2 cents

As usual, prices were highest in California at $3.183 a gallon, followed by $3.124 in other West Coast states. The nation’s least expensive diesel by region, $2.947, was found on the Gulf Coast.

DOE’s latest monthly short-term energy outlook projects that diesel will average $2.98 this year and $3.13 in 2011; last year, diesel averaged $2.46 a gallon. Average retail prices for all regions are available on EIA’s website.