Diesel Rises 4.9¢ to $3.899 in Biggest Gain Since Mid-April
Diesel’s national average retail price rose almost a nickel, gaining 4.9 cents to $3.899 a gallon, the biggest increase since mid-April, the Department of Energy said Monday.
The increase left trucking’s main fuel 99.6 cents higher than the same week a year ago, DOE said following its weekly survey of filling stations.
Gasoline, meanwhile, jumped 6.2 cents to $3.641 a gallon, its second straight increase following seven declines. Gas is now 92.3 cents over the same week last year, DOE records showed.
The diesel gain was just the second in the past 10 weeks, following a 1.4-cent uptick in mid-June.
Oil’s closing price on the New York Mercantile Exchange hit $98.67 a barrel last Thursday, a three-week high, Bloomberg reported.
Crude futures fell $1.05 on the Nymex Monday to finish the trading day at $95.15 a barrel, an almost two-week low, Bloomberg said.
Each week, DOE surveys about 350 diesel filling stations to compile a national snapshot average price.
