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Diesel, Gasoline Prices Continue Surging

The national average cost of on-highway diesel has moved higher for the second straight week, while gasoline is at its highest level in more than a year.

Evan Lockridge
Evan LockridgeFormer Business Contributing Editor
April 28, 2014
Diesel, Gasoline Prices Continue Surging

Credit: U.S. DOE

2 min to read


Credit: U.S. DOE

The national average cost of on-highway diesel has moved higher for the second straight week, while gasoline is at its highest level in more than a year.

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The U.S. Energy Department reports diesel increased 0.4 cent from last week, hitting $3.975 per gallon -- up 12.4 cents from the same time a year earlier. Over the past two weeks it has gained 2.3 cents, after declining 6.9 cents over five consecutive weeks.

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Regionally, trucking’s main fuel recorded its only weekly drop in the East Coast, dropping 0.5 cent to $.4.065 per gallon. Two of its sub regions, New England and the Central Atlantic, still have the two highest prices of any part of the country, at $4.208 and $4.185, respectively.

All other regions saw prices increase, with the biggest hike on the West Coast, up 2.5 cents from last week to $4.055. The Gulf Coast had the least expensive price at $3.824, up 0.4 cent.

Credit: U.S. DOE

Meantime, regular-grade gasoline increased for the 12th consecutive week, picking up 3 cents from a week ago, for an average of $3.713. The price is 19.3 cents higher than the same time a year ago, and has risen 41.2 cents since its last decline.

Gasoline ranges between a high of $4.073 in the West Coast region, up 4.6 cents from last week, to a low of $3.482 in the Rocky Mountain region, a gain of 3.6 cents during the same time.

The increases came as oil future prices rose 24 cents in New York trading on Monday, settling at $100.84 per barrel, down $1.29 compared to a week ago, amid Western sanctions against Russia over its involvement in Ukraine and Libya gearing up to export more crude.

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