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9/5/2012 9:00:00 AM Write a Letter to the Editor Write a letter to the Editor

Diesel Rises 3.8¢ to $4.127 a Gallon; Pump Price Is Highest Since April

Gasoline Gains 6.7¢ to $3.843 in Ninth Straight Increase

Bruce Harmon/Trans Pixs

Diesel rose almost 3.8 cents to $4.127 a gallon, its ninth straight increase and the highest price in almost five months, while gasoline also continued to rise, the Department of Energy said Tuesday.

Gasoline jumped 6.7 cents to $3.843 a gallon, also its ninth straight gain, DOE said following its weekly survey of filling stations.

The diesel increase leaves it 25.9 cents over the same week last year at its highest level since April 16, when it was also $4.127. Gas is 16.9 cents over a year ago.

Trucking’s main fuel has jumped 47.9 cents in the past nine weeks, following 12 weeks of declines. Two weeks ago, it pushed past $4 a gallon for the first time in three months.

Oil, meanwhile, declined Monday, falling $1.17 to $95.30 a barrel, on concerns about slowing manufacturing output in the U.S. and Europe, Bloomberg reported.

Each week, DOE surveys about 350 diesel filling stations to compile a national snapshot average price.

This week’s survey was released on Tuesday due to the Labor Day holiday on Monday.

By Transport Topics

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