The national average retail price of diesel rose for the eighth straight week, adding 2.3 cents to $3.43 a gallon during the week ended Monday, Jan. 24, according to the U.S. Department of Energy’s Energy Information Administration. Diesel prices are 59.7 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, led by New England, where prices rose by 4.9 cents on average. With this week’s increase, New England now has the nation’s most expensive diesel — surpassing California. The Rocky Mountain region saw the smallest increase, while the Gulf Coast region still has the least expensive diesel fuel.
Complete diesel price information for the week ended Jan. 24 is available on the EIA’s website.