Retail diesel prices climbed 6.3 cents last week to reach 315.7 cents per gallon, an amount equal to the all-time record high price of Oct. 24, 2005, the U.S. Department of Energy reports.
Regional prices were all higher with the East Coast rising 7.0 cents to hit 314.8 cents per gallon. The Midwest price pushed higher to 312.2 cents per gallon, increasing by 5.5 cents. The Gulf Coast gained 6.8 cents per gallon to move to 306.2 cents per gallon. The Rocky Mountain price increased to 328.1 cents per gallon, a gain of 5.2 cents. Setting a second consecutive record for the West Coast region, prices rose 7.1 cents to hit 339.4 cents per gallon. California prices were up 6.8 cents to 340.6 cents per gallon, establishing another record price for the State.
The U.S. average retail price for regular gasoline gained 4.9 cents last week to stop at 287.2 cents per gallon as of Oct. 29, 2007, 65.4 cents higher than last year.
All regions were higher with the East Coast price rising 4.5 cents to 283.3 cents per gallon while the Gulf Coast rose 3.2 cents to 273.5 cents per gallon, still the lowest regional price. The Midwest price soared 7.6 cents to land at 286.4 cents per gallon. The Rocky Mountain region increased 2.8 cents to settle at 287.3 cents per gallon. The highest price in the country was on the West Coast where it reached 309.1 cents per gallon, an increase of 2.6 cents this week and 67.7 cents per gallon over last year. The average price for regular grade in California was 315.9 cents per gallon, up 1.6 cents from last week and 72.5 cents per gallon over the previous year.