Diesel Prices Up Five Cents

For the fifth straight week the national average diesel fuel price increased according to the analysis released by the Department of Energy’s Energy Information Administration Feb. 21, 2013.  The national average price jumped five cents to $4.16 per gallon.  This is 20 cents higher than last year at this time, and tops the previous recent high of $4.12 from the week of Oct. 22, 2012.

The average diesel fuel price for all the regions of the nation are above the $4 per gallon mark.  Both the Gulf Coast and Rocky Mountain prices increased seven cents.  The Gulf Coast’s average price per gallon is $4.07, and the Rocky Mountain price is $4.03 per gallon.  The Midwest and East Coast prices increased five cents making the average price per gallon $4.13 for the Midwest and $4.20 for the East Coast.  The region with the smallest price increase was the West Coast where prices went up four cents to $4.30 per gallon.

In their recently updated short-term energy outlook the EIA is calling for diesel prices to average $3.92 per gallon in 2013 and $3.82 in 2014.

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