Share
April 29, 2008 1:30 PM, EDT

Diesel Gains 3.4¢ to Record $4.177

Gasoline Jumps 9.5¢ to Record $3.603
TT File Photo

The national average price of diesel fuel rose to a new record high, gaining 3.4 cents to $4.177 a gallon, the Department of Energy said Monday.

The increase follows jumps of 8.4 cents last week and 10.4 cents two weeks ago and leaves trucking’s main fuel $1.366 higher than the same week last year, DOE said.

Gasoline, meanwhile, leapt to another new record, jumping 9.5 cents to $3.603 a gallon, following last week’s 11.9 cents gain, DOE said. The increase left gas 63.2 cents higher than the same week last year.

Truckers frustrated by the high prices descended on Washington Monday, demanding action by Congress to relieve the soaring prices, news services reported.

Meanwhile, crude oil reached a record Monday, hitting an all-time high of $119.93 a barrel on the New York Mercantile Exchange, Bloomberg reported.

The price receded to close at $118.78 on the Nymex, short of last Tuesday’s closing-price record of $119.37, Bloomberg said.

To help trucking companies deal with soaring costs, American Trucking Associations will host a fuel strategies workshop on June 19 in Arlington, Va. Click here for registration information.

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