Diesel prices climb another 3.7 cents to $3.908

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Diesel Price1

Diesel prices last week climbed another 3.7 cents, according to the U.S. Department of Energy’s Energy Information Administration’s report for the week ended March 14. The increase follows a 15.5-cent increase a week earlier, the largest one-week jump since the week ended May 26, 2008.

The price of diesel now stands at $3.908 a gallon — 98.4 cents above the same week last year and 95 cents higher than the level in late September when the current surge began. The national price of diesel has declined only three times in the past 24 weeks.

Prices rose in all regions, led by the 4.7-cent increase in the Central Atlantic. The smallest increase was 3.0 cents on the Gulf Coast. California had the nation’s most expensive diesel at $4.170, while the least expensive diesel was $3.842 in the Gulf Coast region.

Complete diesel price information is available on EIA’s website.