Diesel Continues to Rise, Gaining 6.7¢ to $3.892 a Gallon in Third Straight Increase
Diesel rose for the third straight week, gaining 6.7 cents to $3.892 a gallon, the Department of Energy said Monday.
Gasoline, meanwhile, fell a penny to $3.452, its second straight decline and the seventh in eight weeks. The only gas increase in the past two months was a 5.9-cent increase two weeks ago.
Diesel has jumped 17.1 cents in the past three weeks and is 82.5 cents over the same week a year ago, while gas is 64.6 cents over a year ago.
Trucking’s main fuel is now at its highest level in almost three months, according to DOE figures.
The $3.721 diesel price three weeks ago was the lowest since late February, when it averaged $3.716 a gallon.
Oil held over $93 a barrel Monday, closing down 13 cents at $93.19 per barrel, Bloomberg reported.
October saw the highest increase for crude futures — almost $14 per barrel — in two years, Bloomberg reported.
Each week, DOE surveys about 350 diesel filling stations to compile a national snapshot average price.
