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Average Diesel and Gasoline Prices Move Higher After Brief Drops

December 23, 2013

By Evan Lockridge

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Credit: DOE
Credit: DOE
After falling for two straight weeks the price of diesel has turned higher as oil is approaching the $100 per barrel mark once again.

New figures from the U.S. Energy Department show the national average cost for the fuel is up 0.2 cent from a week ago to $3.873 per gallon, and just five cents lower than the same time a year ago.

Prices turned higher in all parts of the country over the past week except in the Lower Atlantic part of the East Coast region along with the Midwest, losing no more the half a cent in both parts and not far from the $3.84 per gallon mark. The West Coast, minus California, is higher at $3.88, down 0.1 during the same time

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Prices range from a low of $3.772 in the Gulf Coast states, up 0.6 cent from a week ago, to a high of $4.069 in the New England part of the East Coast region, an increase of 0.5 cent during the same time.

Gasoline also moved higher, up 3.2 cents over the past week, to a national average of $3.271, but only 1.4 cent lower than the same time a year ago. It had fallen for three straight weeks for this week’s jump

Prices increased or were unchanged in all parts of the country, except for a slight dip in the West Coast region, minus California.

Gasoline ranges from $3.055 in the Rocky Mount region, unchanged form a week ago, to a high of $3.52 per gallon in the New England part of the East Coast region, a hike 1.2 cent from last week

Meantime, the price of crude has crept higher over the past week, despite losing 41 cents on Monday at the close of trading in New York. Compared to a week ago it’s up $1.69 at $98.91 per barrel. The decline on Monday was the first in four trading days, with the price hitting a two-month high on Friday, following generally positive economic news last week.

 

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