Diesel Hits New Record, Rising 3.7¢ to $4.764
The national average pump price of diesel fuel rose 3.7 cents to a record $4.764 a gallon, the Department of Energy said.
The latest increase put the price $1.875 over the same week last year, DOE said following its weekly survey of filling stations Monday.
The gain follows last week’s 8.2-cent jump to a then-record $4.727 a gallon.
Trucking’s main fuel has jumped $1.42 this year alone, according to DOE figures.
Gasoline, meanwhile, fell 0.1 cent from a record last week to $4.113 a gallon, leaving its price $1.064 higher than the same week last year.
Crude oil hit a record over $147 Friday before settling over $145 a barrel, near a record closing price on the New York Mercantile Exchange.
Diesel’s pump price reached $5.026 in the California sub-region, which DOE breaks out separately from its five national regions, just 0.1 cent below the level reached on May 26.
The highest regional average was the West Coast, which includes California, where diesel reached $4.909, while the lowest was the Midwest, at $4.698.
Each week, DOE surveys about 350 diesel filling stations to compile a national snapshot average price.
