(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.