Rumors have been floating around for weeks that the cost for a gallon of diesel was getting ready to hit the $4 a gallon mark.
became a reality in California on Sunday, March 9, when fuel stations
in the Silicon Valley raised the cost for diesel to $4.01, a jump of
nearly 28.3 cents from two weeks ago. Four other states, according to
ProMiles, saw diesel hit $4 per gallon. They were Connecticut, New
York, Pennsylvania and Rhode Island.
All-time records for
diesel prices are being broken daily across the country, as the weekly
average price has jumped 27.7 cents nationally in the past two weeks –
stunning truck drivers.
The U.S. Energy Information
Administration reported the national average price for diesel fuel as
being $3.819 on Monday, March 10, up more than $1.134 from a year ago.
average price for ultra-low sulfur diesel increased 15.9 cents to
$3.825, while the average price for low-sulfur diesel jumped 17.7 cents
to $3.774 from last week.
While the EIA reports the areas
farthest from the Gulf Coast “tend to have higher prices,” the agency
is reporting that the Gulf Coast region has the most noticeable
increase of 18.9 cents from a week ago. The Gulf Coast region is the
source of nearly half of the diesel produced in the U.S., according to
While the Gulf Coast region reported the
biggest weekly increase, the California region still beat the national
average, reporting an average of $3.955
The Lower Atlantic
region reported the second highest weekly increase of 18.1 cents to
$3.822, while the East Coast region has the third highest increase of
17.1 cents to $3.886.
The Central Atlantic jumped 16.4 cents
to $3.993, while the Rocky Mountain region increased 15.9 cents to
$3.734. Cost for diesel fuel in the West Coast region also topped the
national average price at $3.891 this week.
In the Midwest
region, the cost increased 13.7 cents to $3.789 per gallon. While the
New England region reported the lowest increase of 12.5 cents, the
average price for a gallon of diesel fuel still topped the national
average at $3.938.
Light, sweet crude oil for April delivery
set a record of $107.90 on the New York Mercantile Exchange on Monday
at the close of business after setting a new trading record of $108.21
earlier in the day.Courtesy of LandLine Magazine