Price of Diesel Fuel Rises 0.7¢ to $2.389
The U.S. retail diesel average price rose 0.7 cent to $2.389 a gallon Oct. 3 and follows a decline of the same amount the previous week, the Department of Energy reported.
Trucking’s main fuel remained 10.3 cents cheaper than a year ago. Diesel prices climbed in all regions except the Central Atlantic and the Midwest where it declined 0.3 cent in both regions, DOE said after its survey of fueling stations.
Also, the national average price for regular gasoline climbed 2.1 cents to $2.245 a gallon, DOE’s Energy Information Administration said. Prices rose in all regions except the Lower Atlantic region and Rocky Mountain region.
The average is 7.3 cents cheaper than a year ago, EIA said.
Last week the U.S. average retail price of diesel dipped 0.7 cent to $2.382 a gallon, and was 9.4 cents cheaper than it was a year prior, when the price was $2.476.
West Texas Intermediate for November delivery rose 57 cents to $48.81 a barrel on the New York Mercantile Exchange, the highest close since July 1, Bloomberg reported.
Oil capped the biggest monthly gain since April after the Organization of Petroleum Exporting Countries agreed to trim supply for the first time in eight years, according to Bloomberg.
While OPEC outlined an accord to curb output by as much as 750,000 barrels a day, Libyan production rose and will advance further this month, according to an official of the state oil company, according to Bloomberg.
U.S. average #Diesel fuel price on 10/03/16 = $2.389/gallon, UP $0.007/gallon from week ago https://t.co/ANUymGRCC3 #truckers — EIA (@EIAgov) October 3, 2016
