Sunday, 11 December 2011

Diesel Jumps a Dime to $3.987 a Gallon; Gasoline Gains for First Time in a Month


Stephen Goldstein for TT

Diesel jumped a dime to its highest level in almost six months —  a national average price of $3.987 a gallon, the Department of Energy said Monday.

Gasoline, meanwhile, rose for the first time in four weeks, gaining 1.2 cents to $3.436 a gallon, DOE said.

The diesel hike — its biggest since a 10.2-cent leap on April 11 — left trucking’s main fuel at its highest level since May 23.

Diesel, which took its first dip in a month last week with a half-cent decline, is now 80.3 cents over the same week last year, while gas is 54.4 cents over a year ago.

The diesel average now tops $4 a gallon in two of five DOE regions, the West Coast and Rocky Mountains, while it also tops that level in the East Coast’s New England and Mid-Atlantic sub-regions.


View the original article here

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