Diesel Rises 0.5¢ to $3.127
Diesel’s increase slowed Monday as it gained a half-cent to $3.127 a gallon, the highest price in more than 18 months, the Department of Energy reported.
The uptick was the 11th increase in 12 weeks and the highest price since Oct. 27, 2008, when it was at $3.288 in a downward retreat from that year’s record highs.
Gasoline, meanwhile, rose 0.7 cent to $2.905 a gallon, marking its 10th increase in 12 weeks.
Gas has gained 29.7 cents over the past three months, and Monday’s price left it 66.5 cents over the same week last year.
Diesel’s latest price left diesel 91.1 cents over the same week last year, DOE said following its weekly survey of filling stations.
Trucking’s main fuel has risen 37.1 cents since its upward trend began three months ago, pausing only for a 0.7-cent dip the last week in March.
Three of the past four increases have been less than a penny, the exception being last week’s 4.4-cent gain. The biggest jumps were the 7.6-cent increases recorded on April 5 and Feb. 22.
Each week, DOE surveys about 350 diesel filling stations to compile a national snapshot average price.
