Diesel Rises 4.3¢ to $2.274 a Gallon
Diesel fuel’s average price rose 4.3 cents, its third consecutive increase, to a four-month high of $2.274 a gallon, while gasoline jumped 12.6 cents, the Department of Energy said.
Gasoline rose to $2.435 a gallon, its seventh straight gain, over which time it has risen 39.8 cents. The increase put the price $1.50 below the same week last year.
The diesel increase follows gains of 1.5 cents last week and 3.1 cents two weeks ago, making the increase 8.9 cents over the past three weeks.
The price is the highest since Jan. 19 and leaves trucking’s main fuel $2.45 less than the near-record level of a year ago, DOE said following its weekly survey of filling stations.
Oil prices rose $5 last week, peaking at over $62 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. The department released this week’s survey on Tuesday because of the Memorial Day holiday on Monday.
