Diesel fuel prices are climbing again, for the second week in a row, rising 1.2 cents to $3.695 a gallon for diesel fuel while gas prices also rose for a second week, the Department of Energy said Monday.
You might be asking yourself why is diesel fuel prices going higher and gas prices higher when there really has been that much in the news about fuel costs. I think the simplest way to put it, is the markets caught a little wind to go higher just before July 4th. No real concrete reason. Anyway since that has happened the price for crude oil has remained up, which has lead to high diesel fuel prices and gas prices and making you feel a little bad now when you go to a truck stop or retail station.
Gas prices gained 1.2 cents to $3.427DOE said following its weekly survey of gas stations. We could all cry over our spilt milk on this one but really it’s not $5.00 per gallon for gas prices like many were predicting before summer. Gas prices are also 50 cents a gallon on your fleet fueling from April. No so bad.
The diesel fuel price increase left it 23 cents below the same week last year. Even better it left diesel fuel prices 50 cents lower than just a couple of months ago.
Diesel fuel and gas prices had both fallen steadily for the past three months until last week. We believe they will continue to fall over the next 6 weeks, they have hit a little slick patch for right now.
Oil rose $1.33 Monday to settle at a seven-week high $88.43 a barrel on the New York Mercantile Exchange, Bloomberg reported
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