Average Price of Diesel Rises 1¢ to $3.08 a Gallon

The U.S. retail diesel average rose 1 cent to $3.08 a gallon, the Department of Energy reported, as the price of crude oil slipped just below $59 per barrel amid concern over a possible slowdown in the U.S. economy.

The average diesel price is 7 cents higher than it was a year earlier.

Diesel prices climbed in all regions except the Central Atlantic, where it fell by three-tenths of a cent to $3.310, DOE said after its March 25 survey of fueling stations.

Also last week, the national average price for regular gasoline climbed 7.5 cents to $2.623 a gallon, DOE’s Energy Information Administration said.

Gas prices jumped in all regions, but the average remained 2.5 cents cheaper compared with a year ago, EIA said.

Crude oil futures on the New York Mercantile Exchange closed March 25 at $58.82, down from $59.09 on March 18.

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