Diesel prices jump 4.6 cents to $3.294

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Updated Dec 29, 2010

Diesel 12 27 E1293484620468

Diesel prices continued their steady rise as the national average retail price rose 4.6 cents to $3.294 during the week ended Monday, Dec. 27, according to the U.S. Department of Energy’s Energy Information Administration. The average price is more than 34 cents higher than the level at the end of September when prices began their recent upswing. Diesel prices are 56.2 cents higher than they were during the same week last year and are at their highest level since late October 2008, when prices were plunging from their all-time high that summer.

Prices rose in all regions. The largest jump was in California, where the average price soared 6.3 cents. The next-largest increase was in the Lower Atlantic, where prices rose 5.9 cents. Rocky Mountain states saw the smallest increase at 2.1 cents. As usual, the nation’s most expensive diesel was in California while the least expensive diesel was in the Gulf Coast region.

Complete diesel price information for the week ended Dec. 27 is available on the EIA’s website.