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Diesel rises for second straight week

Published Tuesday, March 31, 2009

After declining in 34 of the previous 36 weeks, the average price of diesel fuel has risen for the second straight week, jumping 13 cents to $2.22/gal. nationally. That hike, though, may be due to nothing more than prices catching up with the cost of a barrel of crude, according to one expert. “In our view, it’s just tied to the increase in oil,” Longbow Research transportation analyst Lee Klaskow told FleetOwner. “Sometimes there is just a lag between oil going up and diesel going up. Longer term, when the economy gets out of ...

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