Diesel price has risen 10 cents since Oct. 3
by October 24, 2016 12:00 am 139 views
The U.S. average price of diesel jumped 3.6 cents to $2.48 per gallon since Oct. 10, according to the U.S. Department of Energy.
Diesel has increased nearly 10 cents a gallon since the first of October. It was $2.38 a gallon on Oct. 3.
However, the nationwide price per gallon is still 5 cents less than it was a year ago.
But in the Gulf Coast region, which includes states such as Arkansas, Texas and Louisiana, diesel has risen 3.2 cents to $2.35 per gallon since last year.
The Rocky Mountain and West Coast regions also saw an increase in diesel. Both the East Coast and Midwest regions had a decrease in diesel.
Meanwhile, the U.S. average price of gasoline fell 1.5 cents to $2.25 a gallon since Oct. 10. It’s also 2 cents a gallon lower than it was a year ago.
But In the Gulf Coast region, the price of gasoline has risen half a cent to $2.04 a gallon since Oct. 10, and up 4 cents since last year.
Prices were mixed throughout other regions in the United States.
“Oil fell to a one-week low as OPEC members added supply and U.S. producers increased drilling,” according to Transport Topics. “Crude oil futures on the New York Mercantile Exchange closed Oct. 17 at $49.94 per barrel, after closing Oct. 14 at $50.35.”