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The average U.S. cost of on-highway diesel continues moving closer to the $3 per gallon mark with it recording its sixth straight weekly increase, according to the U.S. Energy Department.
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The national average cost of on-highway diesel moved higher on Monday for the fifth consecutive week, hitting its highest level in two months.
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The national average cost of a gallon of on-highway diesel fuel rose slightly to $2.878, continuing a four-week streak of price increases. The national average cost of a gallon of gasoline also increased this week, gaining 2.7 cents to $2.691.
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The national average price of on-highway diesel keeps pushing higher, increasing 4.3 cents from last week to $2.854 per gallon.
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The average U.S. cost of on-highway diesel moved higher on Monday for the second straight week as oil prices also gained last week.
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America's booming domestic oil and gas industry is not as booming as it was. Lower oil prices have left some wells unfinished, and new reports from geologists this week raise concern about the effect of the oil and gas boom on the planet. Deborah Lockridge's "All That's Trucking" blog explores the latest news.
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Following some gains in oil prices over the past week, the average cost of on-highway diesel has recorded the first increase in its nationwide average cost in six weeks, according to new U.S. Energy Department figures.
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The national average cost of on-highway diesel has fallen once again over the past week, posting its fifth uninterrupted drop and hitting its lowest level since late December of 2009, according to new U.S. Energy Department figures.
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The U.S. Energy Department has downwardly revised its expectations for on-highway diesel prices this year, but expects prices to move higher in 2016.
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Diesel and gasoline prices continue to drop for the third straight week as U.S. crude oil inventories stay at record high levels and demand remains low.
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