Diesel at a Record $5.703/Gallon

News Flash:  The national average price of diesel fuel shot up a whopping 16.4 cents to settle at a record $5.703 a gallon.

This according to Energy Information Administration data released on June 6.

Here are some of the highlights from the report:

1. The new price eclipsed the old record of $5.623 a gallon, set on May 9,2022, by 8 cents a gallon.
2. A gallon of diesel now costs $2.429 more per gallon than it did at this time in 2021.
3. The increase comes after three straight weeks of declines shaved 8.4 cents off the average cost of a gallon.
4. This week’s rise marked the fourth largest of the year trailing 74.5 cents (March 7, 2022), 40.1 cents (March 14, 2022) and 34.9 cents (May 2, 2022).
5. Diesel’s cost rose in eight of the 10 regions in EIA’s weekly survey. The price climbed the most in the West Coast, (less California and California), at 32.9 cents and 28.9 cents, respectively. It fell 3.1 cents in New England and 2.9 cents in the Central Atlantic region.
6. Gasoline, meanwhile, made an even more pronounced upward move. Gas rose 25.2 cents to reach $4.876 a gallon.

Looking to get a handle on raising diesel prices?  Contact us today to learn how you can take back control of rising logistics costs.