Diesel prices continue to climb, with the 10th consecutive increase pushing the cost of a gallon to highest levels since last November.
The average U.S. retail pump price for diesel was up 2.4 cents in the June 13 report by the Energy Information Administration (EIA), to $2.431 per gallon—but that’s still 44 cents per gallon cheaper than this time last year.
Diesel prices increased in every region, led by California where the price climbed 4.5 cents to $2.791 per gallon, the highest price in the contiguous 48 states. The West Coast (not including California) was up a penny to $2.61.
The price was up just 0.9 cents in the Lower Atlantic ($2.372); it climbed 1.5 cents in the Central Atlantic region ($2.537) and 1.3 cents in New England ($2.449).
Diesel was up 2.9 cents on Gulf Coast in to $2.307, still the lowest in the country, and the price was also up 2.9 cents in the Midwest, coming in at $2.390. The Rocky Mountain region posted a 2.3 cent gain, to $2.413.
The price of oil, however, fell to the lowest level in a week on Monday ($48.88) as more rigs are being put back into production.