National On-Highway Diesel Price Sees Largest Weekly Increase in Months
Washington D.C. – The national average price for on-highway diesel saw its largest weekly jump in months last week and sits at its highest point since 2014.
According to the U.S. Department of Energy’s (DOE) latest weekly report, the national average price for diesel for the week ending October 4, rose an eye-popping 7.1 cents to $3.477/gallon from the week before, which was $3.406/gallon.
The weekly jump is the largest since March of this year.
The national average price for diesel is up $1.090 from the same time last year and now sits at its highest point since the week of December 8, 2014, when it was $3.535.
Additionally, each of the ten regions tracked by DOE also reported price increases.
The largest increase was in the Midwest which saw prices rise a whopping 10.4 cents to $3.430/gallon.
Diesel prices have now risen for the fifth time in the last six weeks.