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The average cost of diesel in the United States has increased for the second straight week, putting it just below where it was four weeks ago.
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Just as soon at it looked like diesel was starting to trend lower it has done an about face. The average U.S. price has increased 0.4 cents per gallon over the past week, registering $3.90 per gallon.
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The price for diesel has fallen for the second straight week, putting it a little above where it was four weeks ago.
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Diesel prices this year are expected to average slightly less than they were last year and continue moving lower next year, according to a new forecast.
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The price of diesel continues to seesaw, falling just slightly this week following a just over one-penny hike last week.
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Late last week a federal judge in California ruled to dismiss three cases against Chevron filed by plaintiffs who claimed the oil and fuel giant failed to disclose the effect warmer temperatures have when it comes to dispensing fuel at the pumps causing customers to overpay.
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Prices for diesel and gasoline moved higher again over the past week as the cost of oil eased back Monday following its highest closing price on Friday since March 2012.
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The national average price of diesel has posted its first increase for the first time in several weeks, following a big spike in the price of oil. This is the first increase since the week of May 20 and puts the price of diesel 14.5 cents a gallon higher than the same week a year ago.
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Prices for oil and gasoline turned lower over the past week, with diesel on its sixth week of falling prices in a row. Crude oil, however, is approaching the $100 per barrel level again.
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Diesel and gasoline taxes will change in 10 states on July 1, with most of them heading higher, according to an analysis by the Institute on Taxation and Economic Policy.
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