Diesel tops $4 a gallon for first time in almost 8 years
Another significant increase in diesel prices over the last week have the national average over $4 per gallon for the first time since the week ending March 17, 2014, according to the Department of Energy’s weekly report.
The U.S. average for a gallon of on-highway diesel increased 6.8 cents during the week ending Feb. 14, rising to $4.019 per gallon. Since the beginning of 2022, diesel prices have soared, increasing by 40.6 cents in the last six weeks.
Prices increased in all regions across the country last week, with the most significant increase being seen in the Central Atlantic region, where prices jumped by 11.2 cents.
The nation’s most expensive diesel can be found in California at $4.994 per gallon, followed by the West Coast less California at $4.261 per gallon.
The cheapest fuel can be found in the Gulf Coast region at $3.785 per gallon, followed by Midwest at $3.884 per gallon.
Prices in other regions, according to DOE, are:
- New England – $4.007
- Central Atlantic – $4.21
- Lower Atlantic – $3.98
- Rocky Mountain – $3.911
ProMiles’ numbers during the same week saw fuel prices increase by 9.7 cents, bringing its national average to $3.834 per gallon.
According to ProMiles’ Fuel Surcharge Index, the most expensive diesel can be found in California at $4.896 per gallon, and the cheapest can be found in the Gulf Coast region at $3.69 per gallon.