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Diesel prices top $2.60 mark for first time in over two years

For the first time in more than two years, diesel fuel prices in the United States have topped the $2.60 per gallon mark, following a nearly one cent increase during the week ending Aug. 28, according to the Department of Energy’s weekly report.

The average price for a gallon of on-highway diesel in the U.S. is now $2.605, up nine-tenths of a cent from the previous week. The last time prices exceeded $2.60 per gallon was the week ending Aug. 17, 2015, at $2.615 per gallon.

During the most recent week, prices increased in all regions except the Midwest, where prices fell by one-tenth of a cent. The most significant increase came in California, where prices rose 3.4 cents.

The nation’s most expensive diesel can be found in California at $2.995 per gallon, followed by the West Coast less California region at $2.806 per gallon.

The cheapest fuel can be found in the Gulf Coast region at $2.428 per gallon, followed by the Lower Atlantic region at $2.528 per gallon.

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

  • New England – $2.618
  • Central Atlantic – $2.758
  • Midwest – $2.566
  • Rocky Mountain – $2.717

ProMiles’ numbers during the same week had diesel prices increasing by a cent to $2.569 per gallon nationwide.

According to ProMiles’ Fuel Surcharge Index, the most expensive diesel can be found in California at $2.971 per gallon, and the cheapest can be found in the Gulf Coast region at $2.429 per gallon.

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