The Car and Truck Fleet and Leasing Management Magazine

Diesel Prices Surpass $4 Mark

April 20, 2008

WASHINGTON, D.C. --- The U.S. average price for diesel shot up 10.4 cents to reach $4.059 per gallon, surpassing $4 per gallon for the first time in history, the Energy Department reported April 16. 

The average price was up $1.182 over the price last year, according to the department's Energy Information Administration (EIA).

Diesel prices increased sharply in all regions of the country. The average diesel price for the East Coast jumped 11.2 cents to $4.117 per gallon. In the Midwest, the price increased 9.6 cents to $4.013 per gallon.

The price in the Gulf Coast shot up 10.6 cents to reach $4 even, the lowest price of any region. The increase in the Rocky Mountain region of 6.5 cents was the smallest increase of any region. The price there of $4.039 per gallon was $1.058 higher than a year earlier, the EIA reported.

On the West Coast, the average diesel price moved up 12.4 cents to $4.176 per gallon. That's $1.220 above the price last year. The average price in California shot up 11.6 cents to reach $4.234 per gallon.



Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

Sponsored by

Howard Cook began his lengthy career with the Ford Motor Co. in 1926 and attended the Henry Ford Trade School in Dearborn, Mich.

Read more

Fuel Saving Strategies Survey

View our 2008 survey to benchmark your fleet's fuel and green strategies with other fleets.

Fuel Calculator

A managed fuel program can help you save time and money and gain control over the way you fuel your vehicles. Determine your potential savings by using our fuel calculator.
Launch Fuel Calculator 

Fuel Prices

U.S. Gasoline and Diesel Fuel Prices.

Launch Fuel Prices 

Up Next

More From The World's Largest Fleet Publisher