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Diesel, Gas Prices Increase

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Diesel fuel’s national average price jumped 10.5 cents to $2.705 a gallon, its highest price since November, the Department of Energy reported Monday.

The gain — the biggest since a 14.6-cent spike in June — still left the price of a gallon of diesel fuel 77.7 cents below the same week last year, DOE said.

Prior to last week’s 1.8-cent rise, diesel had declined for five straight weeks, falling 9.2 cents in that time. Before this latest jump, the year’s previous high was $2.674, set on Aug. 31.

Gasoline also spiked, jumping 8.5 cents to $2.574 a gallon, marking its second straight gain following eight weeks of declines.

Gas had declined 15.8 cents during that two-month downturn, and Monday’s price is its highest in a month, DOE said.

By Light & Medium Truck


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