Cold Weather Arrives, Pushing Diesel Higher
Diesel fuel prices jumped 2.4 cents per gallon last week, reversing four weeks of decline.
Kloza, editorial director of the Oil Price Information Service, said he believes the next few weeks will see higher prices yet.
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Analysts explained the change as a reaction to cold weather in the Northeast and cold comfort from the oil cartel, which has ruled out another production increase.
The national average retail price of diesel fuel, as reported Nov. 20 by the Energy Information Administration, stood at $1.627 per gallon.
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