Diesel Continued Its Uphill Climb

Diesel fuel prices continued its uphill climb, rising 2.9 cents to $4.123 a gallon, its seventh straight gain and the ninth in 10 weeks, while gasoline also rose. Gas fuel prices gained 3.6 cents to $3.829, also its seventh straight increase and the 11th in the past 12 weeks. Although diesel’s rate of increase slowed from the 4.3-cent and 9.1-cent gains of the past two weeks, the price is the highest since May 2. Trucking’s main fuel is now 21.5 cents higher than the same week a year ago. Gasoline is at its highest level since May 23 and is 26.2 cents over the same week last year. Diesel crossed the $4 mark two weeks ago, for the first time since November, when it topped that level for one week. Prior to that, it had not been more than $4 since May.

Continue reading Diesel Continued Its Uphill Climb

Fuel Prices in Northeast Could Raise On Diesel Fuel Shortage

If Sunoco shutters the plant, it would be the third refinery closing in southeast Pennsylvania since September — representing 50% of the total refining capacity in the Northeast — said the agency, which is part of the U.S. Department of Energy. Diesel fuel prices could be hurt the most by this happening.

Continue reading Fuel Prices in Northeast Could Raise On Diesel Fuel Shortage

Diesel Rises Again!

Diesel fuel prices rose for the eighth week in the past nine, gaining 4.3 cents to $4.094, its highest price in 10 months, while gasoline jumped again. The diesel upturn followed last week’s 9.1-cent jump that put trucking’s main fuel over the $4 mark for the first time since November. Gasoline, meanwhile, jumped 7.2 cents to $3.793 a gallon, its 10th gain in 11 weeks over which it has risen a cumulative 56.4 cents. Gas leaped 13 cents last week. Monday, March 5th’s diesel increase marks the second time since May it has topped $4 in consecutive weeks. Last April and May it remained above that level for six straight weeks. Diesel is now 22.3 cents over the same week last year, and its net gain over the past nine weeks has been 31.1 cents.

Continue reading Diesel Rises Again!