Fuel prices post another increase, and spot rates finally adjust upward

Aug 10, 2023 at 03:12 PM CST
Oil prices around the world have traded around $85 a barrel for much of the last week, leading to diesel prices in the U.S. continuing their recent upswing. The Energy Information Administration reports that the U.S.’ average price for a gallon of on-highway diesel jumped 11 cents during the week ending Aug. 7 to $4.24 -- the highest since the week ending March 13. The 11-cent increase follows weeks of 10- and 22-cent increases the last two weeks, making for a 43-cent surge in the last three weeks.

Aug 10, 2023 at 03:12 PM CST

Oil prices around the world have traded around $85 a barrel for much of the last week, leading to diesel prices in the U.S. continuing their recent upswing.

The Energy Information Administration reports that the U.S.’ average price for a gallon of on-highway diesel jumped 11 cents during the week ending Aug. 7 to $4.24 -- the highest since the week ending March 13. The 11-cent increase follows weeks of 10- and 22-cent increases the last two weeks, making for a 43-cent surge in the last three weeks.