Average diesel prices went up just a hair this week, according to the Energy Information Administration's weekly fuel update. The half-cent increase took the average price to $4.147 per gallon.
California was the only region to see a price decrease, the first for the state in seven weeks, but only by half a cent.
The average U.S. gas price increase was a little steeper than diesel with the a rise of 5.1 cents to $3.918. That price is 32.2 cents higher than this time last year.
Crude-oil futures ended slightly higher Monday rising16 cents, or 0.2%, to end at $107.03 a barrel on the New York Mercantile Exchange. This comes after traders interpreted a speech by U.S. Federal Reserve Chairman Ben Bernanke to mean a continuation of accommodative monetary policy and stimulus. Bernanke's muted view on the jobs market assured, in traders' minds, continued policy support for the economy, which would increase demand for oil.
California was the only region to see a price decrease, the first for the state in seven weeks, but only by half a cent.
The average U.S. gas price increase was a little steeper than diesel with the a rise of 5.1 cents to $3.918. That price is 32.2 cents higher than this time last year.
Crude-oil futures ended slightly higher Monday rising16 cents, or 0.2%, to end at $107.03 a barrel on the New York Mercantile Exchange. This comes after traders interpreted a speech by U.S. Federal Reserve Chairman Ben Bernanke to mean a continuation of accommodative monetary policy and stimulus. Bernanke's muted view on the jobs market assured, in traders' minds, continued policy support for the economy, which would increase demand for oil.
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