Diesel Prices Rise for 4th Week
The national average diesel fuel price increased one cent to $3.92 per gallon, 12 cents higher than last year at this time, and the highest price since mid-April. Prices rose in all regions, with the largest increase coming in the Rocky Mountains, where the price is up five cents to $3.91 per gallon. The East Coast, Midwest, and West Coast prices all increased one cent, to $3.93, $3.89, and $4.05 per gallon, respectively. Rounding out the regions, the Gulf Coast price is up less than a penny to $3.85 per gallon.
The ICE Dec and Mar contracts gave back 160 and 87 points on the week, respectively, as last week’s inversion between the two contracts gave way to partial carry. Well,