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Monday, May 27, 2024

Fuel Prices Up Significantly

The average price of a gallon of on-highway diesel jumped 6 cents to $2.48 per gallon for the week ending Dec. 5. Prices remain roughly 10 cents cheaper than they were for the same time period one year ago.

Diesel price averages rose by 4 cents or more in nine of 10 regions in the U.S., according to the Energy Information Administration. The largest average increase was in the Midwest region, where prices at the pump climbed 7.5 cents per gallon. Prices were up only seven-tenths of a cent in the Rocky Mountain region, the lowest increase in the nation.

Following are the average prices by region as reported by the EIA:

U.S. – $2.48, up 6 cents
East Coast – $2.499, up 5.3 cents
New England – $2.526, up 5.4 cents
Central Atlantic – $2.602, up 5.3 cents
Lower Atlantic – $2.415, up 5.4 cents
Midwest – $2.431, up 7.5 cents
Gulf Coast – $2.361, up 7.1 cents
Rocky Mountain – $2.457, up seven-tenths of a cent
West Coast – $2.77, up 4.3 cents
West Coast less California – $2.679, up 4.4 cents
California – $2.843, up 4.3 cents