Diesel Inches Higher
Fuel prices continued their gradual upward trajectory last week, but they are still off recent highs.
National Observations
- Nationally, diesel prices rose just under 2 cents/gallon last week. This is the third week in a row of incremental increases.
- The new average of $3.758/gallon is now within 2 cents of the most recent peak. The annualized average has crept up to $3.60/gallon.
Regional Trends
| Region | Last Week | Weekly Change | |
|---|---|---|---|
| 🗽 East Coast | $3.793 | +$0.028 | |
| 🌾 Midwest | $3.733 | no change | |
| 🌞 Gulf Coast | $3.403 | +$0.02 | |
| 🏔️ Rocky Mountain | $3.713 | +$0.047 | |
| 🌅 West Coast (not CA) | $4.122 | +$0.034 | |
| 🏄♀️ California | $4.932 | +$0.04 |
Regional Observations
- The Rocky Mountain region had the largest jump last week. Prices rose an average of 4.7 cents/gallon. California wasn't far behind with its 4-cent-a-gallon increase.
- The Midwest was the least inflationary with no price change from the previous week. But it is still 2 cents/gallon more expensive than the Rocky Mountain region.
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