Diesel Rises for Second Week, Up 2.4¢ to $3.89; Gasoline Jumps 7¢ to $3.673
Diesel rose for a second consecutive week, rising 2.4 cents to $3.89 a gallon, while gasoline jumped 7 cents to $3.673, the Department of Energy reported.
Diesel had declined for 10 weeks prior to the current gains, dropping 31.4 cents in that string of downturns.
Despite the increases, trucking’s main fuel is now 6.6 cents below the same week last year, while gasoline is 4.2 cents under a year ago, DOE said late Monday following its weekly survey of filling stations.
Gasoline, which had declined 26.4 cents in nine previous straight declines, has increased 15.3 cents in the past three weeks of increases, DOE records showed.
The gasoline increase was the biggest in three months, since the motor fuel rose 13.6 cents on Feb. 18.
Diesel rose in all regions, declining only in the East Coast region’s New England subregion, where it dipped 0.4 cent to $3.991.
It took its biggest gain in the West Coast region, where it rose 3.9 cents to $4.088 a gallon.
Crude oil, meanwhile, rose 69 cents to finish the trading day at $96.71 a barrel, a seven-week high, Bloomberg News reported.
It was the fourth straight day of increases on the New York Mercantile Exchange, Bloomberg reported.
