Diesel Rises for Third Straight Week, Climbing 1.5 Cents to $2.491
Gasoline Jumps 5.5 Cents to $2.296 a Gallon
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The average national retail price of diesel fuel rose 1.5 cents to $2.491 a gallon, the Energy Department reported Tuesday.
Regular gasoline, meanwhile, jumped 5.5 cents to $2.296. The third straight increase followed last week’s nickel upturn, according to DOE figures.The steady climb in gasoline prices heading into spring and summer could mean the possibility that fuel could reach $3 a gallon this summer, the Detroit News reported Tuesday, citing AAA forecasts.The diesel increase was the third in as many weeks, following last week’s 4.1-cent jump and a 2.2-cent uptick two weeks ago. The increases followed seven straight declines in which trucking’s main fuel fell 20.8 cents.Crude oil prices dipped $1.32 Tuesday to close at $58.07 a barrel on the New York Mercantile Exchange, Bloomberg reported. Diesel prices rose in all five U.S. regions except the Rocky Mountains, where it held at $2.517 a gallon.The price fell back 0.4 cent in California to $2.901. DOE breaks out California's price separately, though that state's prices are included in the West Coast regional average. California's price jumped 8 cents last week.This week's prices were released Tuesday because of the Presidents' Day holiday on Monday.Each week DOE surveys 350 filling stations nationwide to get a national snapshot average price.
The average national retail price of diesel fuel rose 1.5 cents to $2.491 a gallon, the Energy Department reported Tuesday.
Regular gasoline, meanwhile, jumped 5.5 cents to $2.296. The third straight increase followed last week’s nickel upturn, according to DOE figures.The steady climb in gasoline prices heading into spring and summer could mean the possibility that fuel could reach $3 a gallon this summer, the Detroit News reported Tuesday, citing AAA forecasts.The diesel increase was the third in as many weeks, following last week’s 4.1-cent jump and a 2.2-cent uptick two weeks ago. The increases followed seven straight declines in which trucking’s main fuel fell 20.8 cents.Crude oil prices dipped $1.32 Tuesday to close at $58.07 a barrel on the New York Mercantile Exchange, Bloomberg reported. Diesel prices rose in all five U.S. regions except the Rocky Mountains, where it held at $2.517 a gallon.The price fell back 0.4 cent in California to $2.901. DOE breaks out California's price separately, though that state's prices are included in the West Coast regional average. California's price jumped 8 cents last week.This week's prices were released Tuesday because of the Presidents' Day holiday on Monday.Each week DOE surveys 350 filling stations nationwide to get a national snapshot average price.
