Diesel Rises Again, Climbing 2.7¢ to $4.105
Diesel fuel continued its five-month string of weekly increases, climbing 2.7 cents to $4.105 a gallon, the Department of Energy reported Monday.
Gasoline, meanwhile, rose closer to the $4 mark, increasing 5.3 cents to $3.844 a gallon, DOE said following its weekly survey of filling stations.
Diesel has risen in 19 of 20 weeks since Thanksgiving, over which time it has jumped 94.3 cents, while gas has gained 98.8 cents in 18 increases during the same 20 weeks.
Monday’s diesel price is $1.031 higher than the same week a year ago, while gasoline is 98.4 cents over last year, DOE said.
Both fuels rose more than a dime last week, as diesel pushed past $4 a gallon last week for the first time since September 2008, when it was falling from its record high $4.764 set in July of that year.
Gas is at its highest level since Aug. 4, 2008, when it was $3.88 a gallon, DOE records showed. Its all-time high was $4.114, also set in July 2008.
The price has risen as oil prices have spiked to more than $110 a barrel in the past two months, though crude slipped $2.50 Monday to near $107 a barrel on the New York Mercantile Exchange, Bloomberg reported.
Each week, DOE surveys about 350 diesel filling stations to compile a national snapshot average price.
