During the first week of the 2011 New Year, the average price of gas was $0.41 higher than it was last year. The average price of diesel fuel was $0.53 higher. Consumers will be seeing the numbers at the pump creeping up. Increases are likely to impact sales and resale values of compact cars and large SUVs.
Increasing diesel prices will mean that the rates for auto transportation will go up as well. As carriers and trucking companies pass on their cost to the end consumer, prices will adjust accordingly. Fuel is by far the biggest expense for trucking companies in US.
Here is a look at the averages gas prices across the country now, via Consumer Reports:
|National regular gasoline prices||Price||Change from last week|
|Regular gasoline/gallon||$3.07||↑ .02|
|Diesel fuel/gallon||$3.33||↑ .04|
|Regional regular gasoline prices|
|East Coast||$3.08||↑ .02|
|—New England (NY, NJ, MA, RI)||$3.14||↑ .02|
|—Central Atlantic (VA, MD, NC, DE)||$3.13||↑ .02|
|—Lower Atlantic (SC, GA, FL)||$3.03||↑ .02|
|Midwest (IL, OH, IN, MO, IA, MI)||$3.06||↑ .02|
|Gulf Coast (TX, LA, AL, MS)||$2.92||↑ .03|
|Rocky Mountain (CO, WY, KS, UT)||$2.85||↑ .02|
|West Coast (WA, OR, AZ, NV, ID)||$3.24||↑ .02|