6/14/2011 10:45:00 AM
Diesel Increase is First in Six Weeks
Dieselâ€™s national average rose 1.4 cents to $3.954 a gallon, its first increase in six weeks, while gasoline dropped 6.8 cents to $3.713, the Department of Energy said Monday.
The diesel gain â€” just the second in the past two months â€” left truckingâ€™s main fuel $1.026 higher than the same week a year ago, DOE said following its weekly survey of filling stations.
Gasolineâ€™s decline was its fifth straight, in which time it has fallen just over 25 cents, according to DOE records. Gas is now $1.012 higher than the same week last year.
Dieselâ€™s five downturns through last week from the more than two-and-a-half-year high of $4.124 on May 2 totaled 18.4 cents.
Prior to that, the price had been steadily increasing almost every week since Thanksgiving, rising close to $1 in that five-month period. Gasoline also rose steadily from late November through early May.
Oil fell almost $2 Monday, closing at $97.30 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.
Â© 2010, Transport Topics Publishing Group. All rights reserved.