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Diesel Climbs 2.2¢ to $2.819 a Gallon, Highest Price in More Than 2 Years

(Roger Gilroy – Transport Topics)

The U.S. average retail price of diesel increased 2.2 cents to $2.819 a gallon — the highest price in more than two years — as oil prices rallied on speculation production cuts will continue into 2018 following a meeting of the Organization of Petroleum Exporting Countries in November.

It was diesel’s highest price since July 6, 2015, when it was $2.832.

Diesel now costs 34 cents more than it was a year ago, when the price was $2.479 gallon, the Department of Energy said Oct. 30.

The U.S. average price for regular gasoline nudged upward 0.9 cent to $2.488 a gallon, and was 25.8 cents higher than it was a year ago, DOE’s Energy Information Administration said. Click here to read more.