Diesel Jumps a Dime to $2.705
Diesel fuel’s national average price jumped 10.5 cents to $2.705 a gallon, its highest price since November, the Department of Energy said Monday.
The gain — the biggest since a 14.6-cent spike in June — left trucking’s main fuel 77.7 cents below the same week last year, DOE said following its weekly survey of filling stations.
Prior to last week’s 1.8-cent rise, diesel had declined for five straight weeks, falling 9.2 cents in that time. Before Monday, the year’s previous high was $2.674, set on Aug. 31.
Gasoline also spiked, jumping 8.5 cents to $2.574 a gallon, marking its second straight gain following eight weeks of declines.
Gas had declined 15.8 cents during that two-month downturn, and Monday’s price is the highest in a month, according to DOE figures.
Oil, meanwhile, continued its recent rise, gaining $1.01 Monday to finish the trading day near a one-year high, at $79.54 a barrel on the New York Mercantile Exchange.
Crude futures rose nearly $6 last week on the Nymex, Bloomberg reported.
Each week, DOE surveys about 350 diesel filling stations to compile a national snapshot average price.
