Diesel Rises 3.4¢ to $3.231 in Latest Two-Year High
Diesel rose to its latest two-year high — the third time it has done so in the past month — rising 3.4 cents to $3.231 a gallon, the Department of Energy said Monday.
Gasoline also hit a two-year high, gaining 2.2 cents to a $2.98 national average pump price, DOE said following its weekly surveys of filling stations.
Diesel is at its highest since the $3.288 average of Oct. 27, 2008, when it was coming off the historic highs of that summer. Gas is its highest since Oct. 13 of that year, when it registered $3.151 per gallon.
Trucking’s main fuel is now 48.3 cents higher than the same week a year ago, while gasoline is 38.1 cents over the same week last year, according to DOE records.
Diesel’s price on the West Coast — the highest nationwide — jumped 4 cents to $3.361. In California, which is part of the West Coast regional calculation but which DOE also breaks out separately, it spiked 5.1 cents to $3.403.
Crude oil for rose by the most in a week Monday, gaining 82 cents to settle at $88.61 a barrel on the New York Mercantile Exchange, Bloomberg reported.
Each week, DOE surveys about 350 diesel filling stations to compile a national snapshot average price.
