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Diesel Sees Fourth Weekly Rise

Diesel saw a slight jump this week of 0.7 cents, its fourth consecutive weekly gai

by Staff
November 2, 2009
Diesel Sees Fourth Weekly Rise

 

1 min to read


Diesel saw a slight jump this week of 0.7 cents, its fourth consecutive weekly gain

, according to the Department of Energy. Trucking's main fuel has risen 22.6 cents in the last four weeks.

Diesel landed at $2.808 this week, just 0.1 cent behind last Nov. 17's $2.809. This week's average is just 28 cents below the price during the same week last year, when it was at $3.088. Prior to the increases, diesel prices had fallen 9.2 cents from the end of August.

California topped the list with the highest price of $2.974 this week, followed by the Central Atlantic and West Coast regions, at $2.940 and $2.910, respectively. The lowest prices were found in the Gulf Coast and Lower Atlantic regions, at $2.749 and $2.785, respectively.

Gasoline has also been on the rise this week, gaining 2 cents to a national average of $2.694, the fuel's fourth weekly rise. The price is 29.4 cents higher than the average during the same week last year.

Meanwhile, crude oil gained 1.5 percent Monday, landing at $78.13 a barrel on the New York Mercantile Exchange, according to Dow Jones. The jump was a reflection of positive U.S. economic signs, Dow Jones reports.



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