Diesel Average Rises a Penny to $2.914 in Sixth Straight Gain
Diesel’s national average price rose a penny to $2.914 a gallon, the sixth straight increase for trucking's main fuel, the Department of Energy reported.
It was the smallest of the recent gains and came as oil fell to a one-month low near $58 a barrel.
Diesel’s price has risen 16 cents in six weeks and is $1.011 less than a year ago, DOE said after its weekly survey of filling stations.
Gasoline, meanwhile, rose 3 cents to $2.774. It also was the motor fuel’s sixth straight gain and smallest recent increase, and left its price 90 cents below a year ago.
The past two weeks’ 16-cent and 14-cent spreads have been the smallest between diesel and gasoline in four years, according to DOE records.
Oil fell $1.69 on May 26 to finish at $58.03 per barrel on the New York Mercantile Exchange, Bloomberg News reported.
It was the lowest Nymex closing price since April 28 and came as a strong U.S. dollar helped depress prices, Bloomberg reported.
Each week, DOE surveys about 400 diesel filling stations and 800 gasoline stations to compile national average prices.
This week’s prices were released May 26 because of the Memorial Day holiday May 25.
U.S. average #Diesel fuel price on 5/25/15 = $2.914 UP $0.010 from week ago http://t.co/oOqlB5mkRU #truckers pic.twitter.com/KU7rn6UeYN
— EIA (@EIAgov) May 26, 2015
