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Diesel prices start 2018 near $3 a gallon mark

With the change of the calendar to 2018, diesel fuel prices across the U.S. shot up by seven cents during the week ending Jan. 1, according to the Department of Energy’s weekly report.

The country’s average price for a gallon of on-highway diesel starts 2018 just shy of the $3 mark — $2.973. This puts diesel at its highest point in nearly three years, when prices topped $3 per gallon during the week ending Jan. 12, 2015.

Prices increased in all regions during the most recent week, with the most significant increase coming in the Central Atlantic region, which saw an 8.3-cent increase.

The nation’s most expensive diesel can be found in California at $3.59, followed by the Central Atlantic region at $3.151 per gallon.

The cheapest fuel in the U.S. can be found in the Gulf Coast region at $2.774 per gallon, followed by the Lower Atlantic region at $2.854 per gallon.

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

  • New England – $3.01
  • Midwest – $2.935
  • Rocky Mountain – $2.981
  • West Coast less California – $3.073

ProMiles’ numbers during the week saw diesel prices jump by 7.8 cents to $2.93 per gallon nationwide.

According to ProMiles’ Fuel Surcharge Index, the most expensive diesel can be found in California at $3.628 per gallon, and the cheapest can be found in the Gulf Coast region at $2.773 per gallon.

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