Diesel Gains 3.2¢ After Four Weeks of Decline
The average price of diesel fuel rose 3.2 cents to $2.528 a gallon after a four-week drop, the Department of Energy said Monday.
The fall left trucking’s main fuel $2.075 below the same week last year, when the price was $4.603, its second week of decline from the $4.764 all-time record.
Between June 22 and July 20, the price of diesel fell 12 cents. Prior to that, it increased 43.1 cents in seven consecutive weeks of gains.
Gasoline, meanwhile, rose 4 cents to $2.503 a gallon, also the first gain after a four-week drop, during which time it has fallen 22.8 cents.
Monday’s gas price is $1.452 below same week last year. Gasoline hit a record $4.114 on July 7, 2008.
Crude oil trading rose for the ninth day in a row on the New York Mercantile Exchange, capping its longest rally in 22 months, Bloomberg reported.
Oil futures for September delivery gained 31 cents, closing the day at $68.36 a barrel. It had reached $68.99, the highest since July 2, earlier in the day.
Each week, DOE surveys about 350 diesel filling stations to compile a national snapshot average price.
