The national average price of diesel posted its second double-digit increase in as many weeks, rising 11.4 cents to $5.623 a gallon and a new all-time high, according to Energy Information Administration data released May 9.
Highlights
- The most recent price upswing comes on the heels of last week’s 34.9-cent spike for a gain of 46.3 cents in the past two weeks.
- Diesel’s price has climbed each of the past four weeks after a 7.1-cent drop April 11.
- Trucking’s main fuel now costs $2.437 more for a gallon than it did at this time in 2021.
- Diesel’s price rose in all 10 regions in EIA’s weekly survey. New England and the Central Atlantic experienced the largest gains at 23.8 cents, and the East Coast (20.6) also topped 20 cents.
- California’s 4.9-cent uptick was the smallest, yet that state still has the nation’s most expensive diesel at $6.461 a gallon.
The price of gasoline will hit motorists harder following a 14.6-cent jump, making the national average now $4.328 a gallon. On the West Coast it’s $5.222 a gallon.
