Diesel prices up a tenth of a penny

Diesel prices up a tenth of a penny

The national average retail pump price for diesel was up slightly to end October, and the cost per gallon is now running above last year's levels in the Western U.S., according to data tracked by the Energy Information Administration (EIA).

Diesel inched up 1/10th of a penny to $2.479 per gallon, which is just 6/10ths of a penny cheaper per gallon, on avargage, compared to the same week last year, the agency noted.

Diesel prices were up in all regions of the country this week except for three, EIA added:

  • Rocky Mountains: down 9/10ths of a penny to $2.541 per gallon.
  • Midwest: down 8/10ths of a penny to $2.443.
  • Gulf Coast: flat compared to last week, remaining at $2.353; also the lowest price for diesel in the nation.

Diesel jumped up the most in California, by 2.7 cents to $2.855 per gallon.

Versus 2015, however, diesel prices in California, Rocky Mountains, Gulf Coast, and the West Coast are higher on a per-gallon basis: up 3.8 cents, 4.4 cents, 6.3 cents and 6.9 cents (with California included) to 10.6 cents (with California excluded) respectively.

The national average retail price for gasoline dipped down 1.3 cents to $2.23 per gallon this week, but that is 6/10ths of a penny higher per gallon compared to the same week in 2015, EIA noted.

 

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