Saturday 22 October 2011

Diesel Fuel Jumps 8� to $3.801 a Gallon; Gasoline Price Gains 5.9� to $3.476


Tom Biery/Trans Pixs

Diesel’s national average pump price jumped 8 cents to $3.801 a gallon, turning around five weeks of declines, while gasoline also increased, the Department of Energy said Monday.

Gasoline gained 5.9 cents to $3.476 a gallon, also its first increase in six weeks, DOE said following its weekly surveys of filling stations.

The diesel price, the highest in a month, leaves trucking’s main fuel 72.8 cents higher than the same week a year ago.

Gasoline is 64.2 cents over a year ago, according to DOE records.

Last week, diesel was at its lowest level since late February when it averaged $3.716 a gallon. Prior to Monday, it had declined 14.7 cents in the previous five weeks of downturns.

Oil fell 42 cents Monday to close the trading day at $86.38 a barrel on the New York Mercantile Exchange, Bloomberg reported.


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