In The News

Diesel Sees Fourth Weekly Rise

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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