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July 17, 2007 8:00 AM, EDT

Diesel Rises 4¢ to $2.889; Gas Jumps 6.8¢ to $3.049

Diesel Price Is Highest Since September
Larry Smith/Trans Pixs

Diesel fuel’s national average price jumped 4 cents in the past week to $2.889 a gallon, the highest price since September, the Department of Energy said Monday.

Gasoline, meanwhile, jumped 6.8 cents $3.049, its second straight increase following six declines that came after the motor fuel hit a record high $3.218 in late May.

Gas is 6 cents over the same week last year.
The diesel price is 3.7 cents below the same week last year and was the highest since the $2.967 reported last Sept. 4, DOE said following its weekly survey of filling stations.

The increase was the fourth in the past five weeks and follows last week’s 2-cent climb, DOE figures showed.

The price is 47.6 cents higher than this year’s low price of $2.413, set on Jan. 29.

Crude oil futures shot up last week to the highest level since last summer, closing the week on Friday near $74 a barrel, not far off the $77.03 New York Mercantile Exchange closing-price record set last July, Bloomberg reported.

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