Diesel Rises 3.9¢ to $3.573 a Gallon
Diesel increased in price for the 12th straight week, gaining 3.9 cents to $3.573 a gallon, the Department of Energy said.
Gasoline also rose, gaining 4.9 cents to $3.189 a gallon, its third straight gain and 11th increase in 12 weeks, DOE said Tuesday following its weekly survey of filling stations.
The diesel price is the highest since trucking’s mail fuel averaged $3.659 on Oct. 13, 2008, DOT said. Gas is at its highest since Oct. 6, 2008, and Monday’s increase was the largest since early December.
Monday’s diesel price was 74.1 cents higher than the price one year ago. Gas has increased 53.4 cents in that time.
Crude oil jumped as high as 9.6% Tuesday from its settlement price Friday, reaching $94.49 a barrel on the New York Mercantile Exchange, also the highest level since October 2008, Bloomberg reported.
Each week, DOE surveys about 350 diesel filling stations to compile a national snapshot average price. This week’s survey was released Tuesday due to the federal holiday on Monday.
