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11/27/2012 10:30:00 AM Write a Letter to the Editor Write a letter to the Editor

Diesel Rises 5.8¢ to $4.034 a Gallon; Gasoline Gains for First Time in Seven Weeks

Tom Biery/Trans Pixs

Diesel rose 5.8 cents to $4.034 a gallon — its first gain in six weeks — while gasoline rose for the first time in seven weeks, the Department of Energy said Monday.

Gasoline rose 0.8 cent to $3.437 a gallon, DOE said following its weekly survey of filling stations. The price had plunged 42.1 cents in the prior six weeks.

The diesel decline leaves trucking’s main fuel 7 cents over the same week a year ago, while gas is 13 cents higher than the same week last year.

Monday’s diesel gain is the biggest in three months, since it took a 6.3-cent hike on Aug. 27. The previous two weeks’ diesel prices of less than $4 were the first below that level since mid-August.

Diesel had declined 17.4 cents in the previous five weeks from its $4.15 per-gallon average on Oct. 15, the highest price in more than four years.

Oil, meanwhile, fell 54 cents Monday to finish the New York Mercantile Exchange trading day at $87.74 a barrel, Bloomberg reported.

Crude had finished over $89 a barrel last Monday for the first time in a month, according to Bloomberg figures.

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

By Transport Topics

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