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Diesel Rises Again, Gaining 2.6¢ to $3.854

1/18/2012 10:30:00 AM
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Gasoline Edges up 0.9¢ to $3.391

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Tom Biery/Trans Pixs

Diesel rose for a second week following six straight declines, increasing 2.6 cents to $3.854 a gallon, while gasoline rose less than a penny, the Department of Energy said late Tuesday.

The increase followed almost two weeks of $100-plus per-barrel oil, though the price fell under that level late last week.

Gasoline gained 0.9 cent to $3.391 a gallon, its fourth straight increase, DOE said following its weekly surveys of filling stations.

Crude futures rose $2.01 on the New York Mercantile Exchange Tuesday to finish the trading day at $100.71 per barrel, Bloomberg reported.

Diesel had declined 22.7 cents in six straight declines prior to last week’s 4.5-cent increase, according to DOE records.

Trucking’s main fuel is now 44.7 cents over same week last year, while gasoline is 28.7 cents higher, DOE said.

Each week, DOE surveys about 350 diesel filling stations to compile a national snapshot average price. This week’s price survey was released on Tuesday due to the federal holiday on Monday.

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Diesel Rises Again, Gaining 2.6¢ to $3.854 (1/18/2012 10:30:00 AM)
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