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4/10/2012 11:30:00 AM Write a Letter to the Editor Write a letter to the Editor

Diesel Resumes Rise, Up 0.6¢ to $4.148; Gasoline Dips 0.2¢ to $3.939

Diesel Price Is Highest Since August 2008


Bruce Harmon/Trans Pixs

Diesel resumed its upward trend following a one-week respite, gaining 0.6-cent to $4.148 a gallon, the highest price since the record-setting summer of 2008, the Department of Energy said Monday.

Gasoline, meanwhile, fell for the first time in 11 weeks, dipping 0.2-cent to $3.939 a gallon, DOE said following its weekly survey of fillings stations.

The increase leaves diesel 7 cents higher than the same week a year ago and gas 14.8 cents higher than last year.

The diesel price is the highest since trucking’s main fuel registered $4.208 on Aug. 18, 2008, according to DOE records.

Diesel had dipped half a cent last week, to $4.142 a gallon, its first decline in 10 weeks. It has risen in 12 of the past 14 weeks, gaining a cumulative 36.5 cents.

Despite its downtick, gasoline has risen a cumulative 71 cents since mid-December.

Crude oil fell 85 cents Monday to finish the trading day at $102.46 a barrel on the New York Mercantile Exchange, Bloomberg reported.

That’s the second-lowest closing price — to last Wednesday’s $101.47 per barrel — in the past seven weeks, according to Bloomberg Nymex records.

By Transport Topics

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