According to data from the Energy Information Administration published on October 23rd, the price of a gallon of diesel fuel in the United States increased by 10.1 cents, reaching $4.545 per gallon. This rise comes after a previous decline in prices.
Highlights
- Over the past month, the average cost of a gallon of diesel fuel decreased by 18.9 cents for most of the time.
- The recent increase in diesel prices is the most significant one since a 9.3-cent gain on September 18, and it’s the first time we’ve seen a rise in double digits since the 13.9-cent surge on August 14.
- When the Energy Information Administration conducted its weekly survey, the average national price for diesel, the primary fuel for trucking, increased in five out of the ten regions. The increases varied from a substantial 25 cents in the Midwest to a minimal four-tenths of a penny on the East Coast. Conversely, price drops were observed ranging from four-tenths of a cent in the Central Atlantic to a significant 10.3 cents in California.
