Diesel Price Rises for Second Week, Gaining 3.1¢ to $2.811
Diesel’s national average price rose 3.1 cents to $2.811 a gallon, the second consecutive increase, while gasoline jumped to a five-month high, the Department of Energy reported April 27.
Despite the two most recent gains — which followed five straight drops — the price of trucking’s main fuel is $1.164 below a year ago.
Gasoline, meanwhile, jumped 8.5 cents to $2.57 per gallon, the highest price since early December, DOE said after its weekly survey of filling stations.
It was the biggest increase since early March and highest price since it was $2.679 on Dec. 8. Despite the gain, the motor fuel is $1.143 less than the corresponding week last year.
Diesel jumped 6.1 cents on the West Coast to $3.026 a gallon, while prices in California — which DOE breaks out separately but is part of the West Coast regional price — gained 5.4 cents to $3.156, the highest in the country.
Gas increased 21.4 cents in the West Coast region to $3.182, the highest price in the country.
The upturns followed 2015-high oil prices last week of over $57 a barrel, the highest since mid-December.
Crude futures fell 16 cents April 27 to finish at $56.99 per barrel on the New York Mercantile Exchange, Bloomberg News reported.
Each week, DOE surveys about 400 diesel filling stations and 800 gasoline stations to compile national average prices.
U.S. average #Diesel price on 4/27/15 = $2.811, UP $0.031 from week ago http://t.co/ANOb9lBQeg #truckers pic.twitter.com/6MocPQxhZP — EIA (@EIAgov) April 27, 2015
