Diesel Rises 3.6¢ to $3.903 in Third Gain
Diesel rose 3.6 cents to $3.903 a gallon, its third straight weekly increase, while gasoline rose for a second week, the Department of Energy reported.
Gasoline gained 4.5 cents to $3.684 a gallon, following last week’s 14.7-cent jump, DOE said late Monday following its weekly survey of filling stations.
The diesel upturn followed last week’s 3.9-cent gain, which had been the largest since February. Diesel has risen 8.6 cents in the past three weeks.
Trucking’s main fuel is now 12 cents higher than the same week last year, while gas is 19 cents more expensive than a year ago, DOE figures showed.
Oil, meanwhile, fell more than $1 Monday from its highest closing price in 16 months to finish just under $107 a barrel, Bloomberg News reported.
Crude futures had finished Friday at $108.05 a barrel on the New York Mercantile Exchange, the highest closing price since March 19, 2012.
Oil has jumped more than $13 since early June, Bloomberg Nymex figures show.
Each week, DOE surveys about 400 diesel filling stations and 800 gasoline stations to compile national average prices.
