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Diesel Notches First Gain in 2 Months, Rising 0.6¢ to $2.732
Tuesday, 29 December 2009 00:00
Gasoline Rises 1.8¢ to $2.607

Diesel rose for the first time in eight weeks, gaining 0.6 cent to $2.732 a gallon, the Department of Energy reported Monday.

Trucking‘s main fuel had fallen 8.2 cents in seven straight weeks of declines before Monday‘s uptick.

The last increase was a 0.7-cent gain on Nov. 2, when it topped out at a 2009 high of $2.808 a gallon. Diesel is now 40.5 cents higher than the same week last year, according to DOE figures.

Gasoline, meanwhile, rose 1.8 cents to $2.607 a gallon, DOE said following its weekly survey of filling stations.

It was the first gain in three weeks, as gas has fluctuated up and down over the past several months in the $2.60‘s range.

Oil prices rose 72 cents to close the New York Mercantile Exchange trading day at a one-month high of $78.77 a barrel Monday, Bloomberg reported.

Each week, DOE surveys about 350 diesel filling stations to compile a national snapshot average price.

Transport Topics, 12/29/2009