August 29, 2022 5:35 PM, EDT

Diesel Surges 20.6¢ to $5.115 a Gallon

The average cost of a gallon of diesel is above $5 in six of the 10 regions in EIA's weekly survey. (Miguel Perfectti/Getty Images)

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Diesel’s nine-week run of declines abruptly ended as trucking’s main fuel rose 20.6 cents a gallon to put the national average cost back over $5, according to Energy Information Administration data released Aug. 29.

Highlights

Diesel settled at $5.115 after dropping 90.1 cents from its all-time high of $5.810 on June 27. The cost of a gallon had dropped by at least a dime each week from June 27 to Aug. 8.
A gallon of diesel now costs $1.776 more than it did at this time in 2021.
Diesel increased in all 10 regions surveyed by EIA, ranging from a high of 28.2 cents in the Midwest to a low of 2.5 cents in the Central Atlantic.
The Lower Atlantic, Gulf Coast and Rocky Mountain region each has an average price of below $5 a gallon, while California remains the only region that exceeds $6.
Gasoline dropped by 5.3 cents a gallon to $3.827 for the national average.