Diesel Fuel Prices Rise 6 Cents a Gallon

While the Department of Energy’s Energy Information Administration popped out its weekly benchmark diesel price Monday that showed an increase of 5.9 cents from the prior week, the real action is in the futures market, where a huge squeeze appears to be developing.

The latest DOE/EIA price came in at $5.16. It is the third-highest price in the history of the series, falling only behind the $5.185 of March 28 and the $5.25 two weeks before that. 

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