Another week, another diesel record

Aug. 24, 2004
Record high crude prices appear to have filtered into the retail level last week as the national average diesel price jumped 4.9 cents to $1.874 per gallon, trumping the previous week’s record-setting average.

Record high crude prices appear to have filtered into the retail level last week as the national average diesel price jumped 4.9 cents to $1.874 per gallon, trumping the previous week’s record-setting average.

Reuters reported that crude oil prices dropped below $46 per barrel Tuesday, a break from last week’s high of $49.40/barrel — the highest level in its 21 years on the New York Mercantile Exchange.

The Gulf Coast region saw the most dramatic increase, up 6.8 cents to $1.833/gallon. Although no regions posted a price reduction, the West Coast posted the smallest gain, up 3.2 cents to $2.061. Once again, California is the most expensive region to fill up, at $2.153. Bargain hunters may want to fill up in the Lower Atlantic region if possible, as it posted $1.818.