Diesel price rises 3.5 cents to $3.683
July 9, 2012
The streak of falling diesel prices ended at 12 weeks as the national average retail diesel price rose 3.5 cents to $3.683 a gallon during the week ended July 9, according to the U.S. Department of Energy’s Energy Information Administration. So ended the longest streak in either direction since the 15-week run-up that began in early December 2010 and ended in mid-March 2011. That streak was broken by a mere one-tenth of a cent and then resumed for another four weeks. Although the price of diesel did rise compared to the week before, the average price is 21.6 cents below the same week last year.
Average retail prices rose in all but two regions: The Rocky Mountain states (down 2.5 cents) and New England (down three-tenths of a cent). The largest increase was 5.8 cents in the Midwest. California diesel remains the most expensive on average at $3.882 a gallon. The least expensive diesel on average was $3.605 a gallon in the Gulf Coast region.
Complete diesel price information is available on EIA’s Website.
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