Diesel Rises for Second Straight Week, Increasing 2.5¢ to $3.927 a Gallon
Diesel rose 2.5 cents to $3.927 a gallon, the second straight increase following two months of declines, while gasoline rose for a sixth week, the Department of Energy said.
The gain left diesel’s national average pump price 7.7 cents higher than the same week last year, DOE said following its weekly survey of filling stations.
Prior to the two increases, trucking’s main fuel had dropped 14 cents in seven straight downturns.
Gasoline, meanwhile, rose 4.2 cents to $3.357 a gallon, its sixth consecutive increase and the biggest upturn in 16 weeks, DOE said.
Despite the higher trend, gasoline is 8.2 cents below the same week a year ago, DOE figures showed.
The gains in both fuels follow higher oil prices, which have risen steadily for the past two months to more than $96 a barrel, the highest level since September.
Oil rose 56 cents on Monday to finish the New York Mercantile Exchange trading day at a four-month high $96.44 a barrel, Bloomberg News reported.
Each week, DOE surveys about 350 diesel filling stations to compile a national snapshot average price.
