Diesel Average Rises 2.4¢ to $2.878 a Gallon in Fourth Straight Increase
Diesel’s national average price rose for the fourth straight week, climbing 2.4 cents to $2.878 a gallon, the Department of Energy reported May 11.
The price of trucking’s main fuel has risen 12.4 cents in the past month, according to DOE figures, but is $1.07 less than its level a year ago.
Gasoline also rose for a fourth week, gaining 2.7 cents to $2.691 per gallon, DOE said after it weekly survey of filling stations.
The motor fuel, which has jumped 28.3 cents in the past four weeks, is 97.7 cents less than the corresponding week last year.
Oil pushed past $60 a barrel last week for the first time since early December, but has fallen below that level in the past few New York Mercantile Exchange trading sessions.
Crude futures slipped 14 cents on May 11 to finish Nymex trading at $59.25 a barrel, Bloomberg News reported.
Each week, DOE surveys about 400 diesel filling stations and 800 gasoline stations to compile national average prices.
U.S. average #Diesel fuel price on 5/11/15 = $2.878 UP $0.024 from week ago http://t.co/BL9o99dLMp #truckers pic.twitter.com/VLzZXy3bkJ
— EIA (@EIAgov) May 11, 2015
