Diesel prices climb for fifth week, but just slightly

Diesel prices climb for fifth week, but just slightly

Average retail diesel prices increased across the country this week for fifth consecutive week, although only slightly, while gasoline prices were more mixed, with the national average down a couple of pennies per gallon, according to data tracked by the Energy Information Administration (EIA).

The national average retail price for diesel increased 5/10ths of a penny this week to $2.271 per gallon, EIA said, though that is still 60.7 cents per gallon cheaper when compared to the same week in 2015.

Diesel dipped along the Gulf Coast by 6/10ths of a penny to $2.131 per gallon – the only U.S. region to record a decline in diesel prices, according to the agency’s numbers – while diesel prices in the Lower Atlantic remained unchanged at $2.232 per gallon.

The biggest jump in diesel prices this week occurred in the Rocky Mountain region, EIA said, with a 2.2 cent spike to $2.277 per gallon. The highest prices remain in California, where the average was up 1.5 cents to $2.594.

Gasoline prices on a regional basis were more mixed this week, according to the agency’s figures, though the national average declined by two cents to $2.22 per gallon. That price is still 47.1 cents cheaper compared to the same week in 2015, EIA noted.

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