Diesel Gains 3.1¢ to $2.924
The average national retail price of diesel fuel rose 3.1 cents to $2.924 a gallon, the Department of Energy said Monday.
DOE’s weekly survey showed the price is now 6.7 cents higher than the same week last year.
Gasoline, meanwhile, rose 2.2 cents to $2.818 a gallon, putting the price 20 cents higher than the same week last year, DOE said.
Gas is now 65.3 cents higher than the low price of 2007 of $2.165 a gallon set on Jan. 29.
Diesel has gained 6.1 cents in the last two weeks, following last week’s 3-cent rise.
Trucking’s main fuel has risen in six of the past 10 weeks, gaining 9.5 cents in that time, according to DOE figures. Monday’s price is 51.1 cents higher than the year’s low level of $2.413, set on Jan. 29.
Crude oil prices spiked to more than $76 a barrel last week on the New York Mercantile Exchange, the highest levels since early August, Bloomberg reported.
The price rose to a six-week high of $77.49 a barrel Monday on speculation that OPEC will maintain current target levels when the cartel’s ministers meet Tuesday in Vienna, Austria.
Each week, DOE surveys about 350 diesel filling stations to compile a national snapshot average price.
