Diesel Rises Again, Gaining 4.3¢ to $4.094
Diesel rose for the eighth week in the past nine, gaining 4.3 cents to $4.094, its highest price in 10 months, while gasoline jumped again, the Department of Energy said Monday.
The diesel upturn followed last week’s 9.1-cent jump that put trucking’s main fuel over the $4 mark for the first time since November.
Gasoline, meanwhile, jumped 7.2 cents to $3.793 a gallon, its 10th gain in 11 weeks over which it has risen a cumulative 56.4 cents. Gas leaped 13 cents last week.
Monday’s diesel increase marks the second time since May it has topped $4 in consecutive weeks. Last April and May it remained above that level for six straight weeks.
Diesel is now 22.3 cents over the same week last year, and its net gain over the past nine weeks has been 31.1 cents.
During that time it fell in just one week, a 0.6-cent dip on Jan. 23. Prior to the past nine weeks, it fell 22.7 cents in six straight declines.
Gasoline is 27.3 cents over the same week a year ago, according to DOE records.
Oil held between $106 and $109 a barrel last week and rose 2 cents Monday to finish the trading day at $106.72 on the New York Mercantile Exchange, Bloomberg reported.
Each week, DOE surveys about 350 diesel filling stations to compile a national snapshot average price.
