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Diesel prices top $2.50 for first time since November 2015

With a 3.4-cent increase in diesel prices during the week ending Dec. 19, the average price of a gallon of diesel is above $2.50 for the first time in more than a year.

The average price of a gallon of on-highway diesel is now $2.527, the highest since the week ending Oct. 19, 2015. The last time prices were above $2.50 was the week ending Nov. 9, 2015.

Prices rose in all regions across the U.S. with the most significant increase coming in the Rocky Mountain region, where prices jumped 4.6 cents.

The most expensive diesel can be found in California at $2.854 per gallon, followed by the West Coast less California region at $2.705 per gallon.

The cheapest fuel is in the Gulf Coast region at $2.41 per gallon, followed by the Lower Atlantic Region at $2.47 per gallon.

Prices in other regions, according to the Department of Energy’s weekly report, are:

  • New England – $2.587
  • Central Atlantic – $2.667
  • Midwest – $2.479
  • Rocky Mountain – $2.495

ProMiles’ numbers during the same week also show diesel prices increasing by 2.4 cents to $2.475 per gallon nationwide.

According to ProMiles’ Fuel Surcharge Index, the most expensive diesel can be found in California at $2.847 per gallon, and the cheapest can be found in the Gulf Coast region at $2.386 per gallon.

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