Diesel Price Rises for Fifth Week, Gaining 2.6¢ to $2.904
Photo by Rodger Hinson/FlickrDiesel’s national average price rose for a fifth consecutive week, climbing 2.6 cents to $2.904 a gallon, the Department of Energy reported May 18.
Gasoline also rose for the fifth week, gaining 5.3 cents to $2.744, DOE said after its weekly survey of filling stations.
This week marks the first in two months that the price of diesel has topped $2.90, according to DOE records.
Despite its recent climb — trucking’s main fuel has gained 15 cents in the past five weeks — the price is $1.03 below its level of a year ago.
Gasoline, which has surged 33.6 cents in five weeks, is at its highest level since Dec. 1, although it is 92.1 cents below the same week last year.
Oil held just below $60 a barrel for a third straight trading day May 18, Bloomberg News reported, with crude futures dipping 26 cents on the New York Mercantile Exchange to finish at $59.43 a barrel.
Each week, DOE surveys about 400 diesel filling stations and 800 gasoline stations to compile national average prices.
U.S. average #Diesel fuel price on 5/18/15 = $2.904 UP $0.026 from week ago http://t.co/LAY3xFe021 #truckers pic.twitter.com/PEW7EllIVU — EIA (@EIAgov) May 18, 2015
