After three weeks of declines, the Department of Energy/Energy Information Administration weekly diesel price turned upward.
The price came in at $3.339/gallon, an increase of 1.5 cents. It’s just the second increase in the last six weeks.
Commodity diesel prices were on a significant upturn last week, though they were coming off a few days of big declines from the end of the prior week. Those sorts of big swings inevitably create a situation in which retail movements might differ far from the broader swings in wholesale and commodity prices.