National on-highway diesel prices rose last week for the first time in over a month, but only by 1 cent to $3.82.
Prices rose by 5.3 cents on the West Coast, which carried the largest increase. Several regions decreased, including the Gulf Coast, which remained the cheapest at $3.763 per gallon. Prices dropped there by nine-tenths of a cent.
New England prices dropped by 1.7 cents, but the region remains the most expensive at $3.977. Nationally, prices are up 88.2 cents from the same week last year.
Oil futures rallied on Monday, despite Hurricane Irene. Light, sweet crude for October delivery settled up $1.90, or 2.2%, to $87.27 a barrel on the New York Mercantile Exchange. The prices followed a corresponding rally in equities markets.
The weak economic recovery continues to keep oil prices down, offering a reprieve for trucking, from the yearly high reached of nearly $115 per barrel reached in May.
Prices rose by 5.3 cents on the West Coast, which carried the largest increase. Several regions decreased, including the Gulf Coast, which remained the cheapest at $3.763 per gallon. Prices dropped there by nine-tenths of a cent.
New England prices dropped by 1.7 cents, but the region remains the most expensive at $3.977. Nationally, prices are up 88.2 cents from the same week last year.
Oil futures rallied on Monday, despite Hurricane Irene. Light, sweet crude for October delivery settled up $1.90, or 2.2%, to $87.27 a barrel on the New York Mercantile Exchange. The prices followed a corresponding rally in equities markets.
The weak economic recovery continues to keep oil prices down, offering a reprieve for trucking, from the yearly high reached of nearly $115 per barrel reached in May.
Read more about
Fuel and Oil
0 Comments
See all comments