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7/9/2013 11:00:00 AM Write a Letter to the Editor Write a letter to the Editor

Diesel Rises 1.1¢ to $3.828; Increase Is First Following Six Declines

Gasoline Dips 0.4¢ in Fourth Straight Decline

Tom Biery/Trans Pixs

Diesel rose 1.1 cents to $3.828 a gallon, its first gain following six declines, the Department of Energy reported.

Gasoline, meanwhile, dipped 0.4 cent to $3.492, its fourth straight downturn, DOE said late Monday following its weekly survey of filling stations.

The diesel uptick followed a cumulative 7.3-cent downturn over the past six weeks. Prior to that, trucking’s main fuel had risen 4.5 cents in two straight increases.

Diesel is 14.5 cents higher than the same week a year ago. Last week’s price was the lowest since it was $3.796 last July 30.

Gasoline is 8.1 cents higher than a year ago, according to DOE figures. This week’s dip was the smallest of its four recent declines, in which the motor fuel has dropped 16.3 cents.

Crude oil, meanwhile, finished Monday’s trading down 8 cents from Friday at $103.14 a barrel, near a 14-month high, Bloomberg News reported.

Friday’s $103.22 per-barrel settlement had been the highest New York Mercantile Exchange closing price since May 2, 2012, according to Bloomberg Nymex figures.

Each week, DOE surveys about 400 diesel filling stations and 800 gasoline stations to compile national average prices.

By Transport Topics

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