Diesel prices hit seven-year high with latest increase

From Commercial Carrier Journal.

Average diesel fuel prices across the U.S. increased again during the week ending Nov. 1, bringing the national average to its highest point since the week ending Oct. 6, 2014.

The U.S.’ average price for a gallon of on-highway diesel is now $3.727, up 1.4 cents over the previous week, according to the Department of Energy’s weekly report.

Prices increased in all regions across the country last week with the most significant increase being seen in California, where prices jumped 5.1 cents to $4.651 per gallon.

California holds the nation’s highest diesel prices, followed by the West Coast less California at $3.932 per gallon.

The cheapest fuel can be found in the Gulf Coast region at $3.486 per gallon, followed by the Lower Atlantic region at $3.631 per gallon.

Prices in other regions, according to DOE, are:

• New England – $3.651
• Central Atlantic – $3.862
• Midwest – $3.639
• Rocky Mountain – $3.814

ProMiles’ numbers during the same week saw fuel prices fall significantly by 15.4 cents, bringing its national average to $3.569 per gallon.

See the complete article online at Commercial Carrier Journal.