Diesel Rises 0.6¢ to $3.856; Gasoline Gains 4.8¢ to $3.482
Diesel rose 0.6 cent to $3.856 a gallon, its fourth increase in the past five weeks, while gasoline continued to climb at a faster rate, the Department of Energy said Monday.
Gas rose 4.8 cents to $3.482 a gallon, its sixth increase in seven weeks, DOE said following its weekly surveys of filling stations.
The upturns left diesel 34.3 cents higher than the same week a year ago, and gas 35 cents over a year ago.
While diesel has held near $3.85 for the past month, over the past five weeks its net gain has been 7.3 cents, following a cumulative 22.7-cent drop in the previous six weeks.
Gasoline’s net gain — which has been steeper than diesel’s — has been 26 cents in six increases in the last seven weeks.
Oil has held below $99 a barrel on the New York Mercantile Exchange in the past week, Bloomberg figures showed.
Crude futures slipped 93 cents to finish the Nymex trading day Monday at $96.91 a barrel, Bloomberg reported.
Each week, DOE surveys about 350 diesel filling stations to compile a national snapshot average price.
