Fuel prices soar to three-year high

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Updated Apr 18, 2018

A 6.1-cent jump in diesel fuel prices across the country during the week ending April 16 have diesel at its highest point of 2018, and its highest since the beginning of 2015.

The U.S.’ average price for a gallon of on-highway diesel now stands at $3.104, the highest since the week ending Jan. 5, 2015, when diesel averaged out at $3.137.

The increase was spurred by significant increases in all regions across the country, with the most significant increases being seen in the West Coast less California region, which saw a 10-cent jump, and California, which saw a 7-cent jump.

After the increases, California continues to have the most expensive fuel at $3.787 per gallon, followed by the West Coast less California region at $3.326 per gallon.

The cheapest fuel can be found in the Gulf Coast region at $2.91 per gallon, followed by the Lower Atlantic region at $2.998 per gallon.

Prices in other regions, according to the DOE, are:

  • New England – $3.149
  • Central Atlantic – $3.275
  • Midwest – $3.016
  • Rocky Mountain – $3.137

ProMiles’ numbers during the week saw fuel prices during the week jump 6.4 cents, to $3.046 per gallon nationwide.

According to ProMiles’ Fuel Surcharge Index, the most expensive diesel can be found in California at $3.793 per gallon, and the cheapest can be found in the Gulf Coast region at $2.906 per gallon – the only region below the $3 mark.