Diesel jumps 19.7 cents to $5.454, Midwest hit hardest
New England barely moved while Midwest pumps rose nearly 5% in a week; the cheapest fuel is now in the Lower Atlantic and Gulf Coast.
The national average price of on-highway diesel rose 19.7 cents last week to $5.454 a gallon, a 3.7% jump in seven days and up 46.9% on the year, the Energy Information Administration reported for the week of August 17.
That is the pump number, and it is a real increase. But it did not land evenly, and where you buy matters more this week than last.
The Midwest took the hardest hit: pumps there averaged $5.435, up 4.9% in a single week -- the steepest regional rise in the country. New England barely moved, up 0.6% to $5.545. The East Coast as a whole rose 2.8% to $5.340.
If you are planning fuel stops, the cheapest averages are in the South. The Lower Atlantic runs $5.204 and the Gulf Coast $5.237 -- the two lowest regional averages on the board, even after the Gulf's 3.8% weekly rise and a 56.8% gain over the year. The most expensive pumps are California at $6.785 and the wider West Coast at $6.203. Topping off before a Midwest or California leg, rather than in it, is worth real money this week.
One thing to check on the back-office side: fuel surcharges reset off these averages. A move this size should push your FSC line up on the next reset -- make sure it is tracking the rise and not lagging it.
A caveat on the figure itself: this is a retail pump average including taxes, surveyed every Monday. Fleets buying on contract at truck stops pay less than this, and the gap widens when prices move fast -- so read it as direction, not as what you will pay at the island.
Data behind this story
- Weekly Retail On-Highway Diesel Prices U.S. Energy Information Administration · Public domain (U.S. Government work)
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