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Diesel prices continue upward momentum

Diesel prices continued to climb last week, with the U.S. national average increasing 1.6 cents during the week ending Feb. 5, according to the Department of Energy’s weekly report.

Since the beginning of the year, fuel prices have climbed 18.3 cents to the current average price of $3.086 per gallon.

Prices increased during the most recent week in all regions, with the most significant increase coming in California and New England, where prices rose by 2.8 cents.

The nation’s most expensive diesel is still in California at $3.711 per gallon, followed by the Central Atlantic region at $3.324 per gallon.

The cheapest fuel can be found in the Gulf Coast region at $2.874 per gallon, followed by the Rocky Mountain region at $2.981 per gallon.

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

  • New England – $3.188
  • Lower Atlantic $2.988
  • Midwest – $3.044
  • West Coast less California – $3.144

ProMiles’ numbers during the week also saw diesel prices jump, increasing by 1.4 cents to $3.041 per gallon nationwide.

According to ProMiles’ Fuel Surcharge Index, the most expensive diesel can be found in California at $3.696 per gallon, and the cheapest can be found in the Gulf Coast region at $2.891 per gallon.

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Matt Cole is an Associate Editor for CCJ and Overdrive. Reach him at mattcole@randallreilly.com.