Diesel Prices Nudging Up After Declines Since Mid May

From the U.S. Energy Information Administration this morning...

The national average price for diesel fuel at the highway pump rose for the first time since May 10, 2010, climbing three cents to $2.96 per gallon, $0.35 above the price a year ago.

• With the exception of the Rocky Mountains, prices increased throughout the country.
• The average on the East Coast increased two and a half cents to $2.97 per gallon and the Gulf Coast went up over three cents to $2.91 per gallon.
• The average in the Midwest moved up more than four cents to $2.94 per gallon.
• The Rocky Mountain price dipped a penny to $2.98 per gallon. T
• he West Coast price moved up four cents to $3.09 per gallon and the average in California jumped six cents to $3.13 per gallon.

For the first time in six weeks, the U.S. average price for regular gasoline increased, moving up four cents to settle at $2.74 per gallon, 5 cents higher than last year.

• Although prices went up in all regions of the country, the range of change was considerable, from less than a half cent in the Rocky Mountains to seven cents in the Midwest.
• The average on the East Coast increased three cents to $2.69 per gallon, while the Midwest price jumped seven cents to $2.71 per gallon.
• Despite an increase of two cents, the average on the Gulf Coast remained the lowest of any region at $2.60 per gallon.
• Increasing less than a half cent, the average in the Rocky Mountains was essentially unchanged at $2.77 per gallon.
• The West Coast average climbed four cents to $3.03 per gallon, while the price in California moved up nearly a nickel to $3.10 per gallon.