Diesel surges 20.6¢ to $5.115 a gallon

August 31, 2022

From Transport Topics. Diesel’s nine-week run of declines abruptly ended as trucking’s main fuel rose 20.6 cents a gallon to put the national average cost back over $5, according to Energy Information Administration data released Aug. 29. Highlights Diesel settled at $5.115 after dropping 90.1 cents from its all-time high of $5.810 on June 27….

diesel guage

From Transport Topics.

Diesel’s nine-week run of declines abruptly ended as trucking’s main fuel rose 20.6 cents a gallon to put the national average cost back over $5, according to Energy Information Administration data released Aug. 29.

Highlights

  • Diesel settled at $5.115 after dropping 90.1 cents from its all-time high of $5.810 on June 27. The cost of a gallon had dropped by at least a dime each week from June 27 to Aug. 8.
  • A gallon of diesel now costs $1.776 more than it did at this time in 2021.
  • Diesel increased in all 10 regions surveyed by EIA, ranging from a high of 28.2 cents in the Midwest to a low of 2.5 cents in the Central Atlantic.
  • The Lower Atlantic, Gulf Coast and Rocky Mountain region each has an average price of below $5 a gallon, while California remains the only region that exceeds $6.
  • Gasoline dropped by 5.3 cents a gallon to $3.827 for the national average.

See the complete article online at Transport Topics.

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