Price of diesel fuel makes second spike in two weeks

Diesel’s national average price continued to spike as it jumped 6.6 cents to $3.066 a gallon, marking the second big gain in two weeks, according to US Department of Energy information.
Oct. 13, 2010

Diesel’s national average price continued to spike as it jumped 6.6 cents to $3.066 a gallon, marking the second big gain in two weeks, according to US Department of Energy information. The upturn followed the previous week’s 4.9-cent increase, putting the two-week rise at 11.5 cents and leaving the price 46.6 cents over the same week in 2009.

This week’s increase was the biggest in six months, since a 7.6-cent jump April 5 pushed trucking’s main fuel over $3 for the first time in 2010, to $3.015 a gallon.

Diesel held over $3 from early April through late May, and the previous week’s $3 average was the first time it had hit that level since then.

All of the regions recorded big increases, topped by an 8.3-cent gain in the Central Atlantic to $3.178. The East Coast gained 6.8 cents to $3.065, while the Midwest increased 6.5 cents to $3.055. The West Coast gained 7.4 cents to $3.239. The Gulf Coast is the only region to report prices under $3 a gallon, after rising 6.2 cents to $2.982.

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