Diesel Jumps 6.3¢ to $2.991 a Gallon
Spurred by higher oil prices, diesel’s national average retail price rose for a third straight week, jumping 6.3 cents to $2.991 a gallon, its biggest increase in four months, the Department of Energy said Monday.
Gasoline also rose, gaining 4.8 cents to $2.783, its third upturn in four weeks and the biggest rise in 10 weeks, DOE said following its weekly survey of filling stations.
Diesel has now risen 9.2 cents in the past three weeks and Monday’s upturn left it 36.6 cents higher than the same week last year, while gas is 13.6 cents higher than a year ago, DOE said.
Oil traded above $80 a barrel last week for the first time in three months, closing over $82 on the New York Mercantile Exchange for the first time since early May, Bloomberg reported.
Prior to the three recent gains, trucking’s main fuel fell 6.2 cents in the previous month, and it is now just 13.6 cents below the year’s high of $3.127 per gallon, set on May 10.
Each week, DOE surveys about 350 diesel filling stations to compile a national snapshot average price.
