Sign In Newsletters Contact Us


Fuel NewsNewsTop Stories

Benchmark diesel up 4 straight weeks, at highest price since early May

Hurricane Beryl proved to be a nonfactor in supply as markets overall appear balanced

John Kingston
·
The benchmark price is up for the fourth straight week. (Photo: Jim Allen/FreightWaves)

Retail diesel prices measured by the benchmark Department of Energy/Energy Information Administration average price have now risen four consecutive weeks.

This week’s number was up 5.2 cents a gallon to $3.865. It’s the highest level since a posting of $3.894 on May 6.

The four consecutive weeks of increases in the price used for most fuel surcharges have added 20.7 cents a gallon to the DOE/EIA price. It follows nine consecutive weeks of declines.

Since a low settlement of $2.2962 a gallon on June 3, the ultra low sulfur diesel (ULSD) price on the CME commodity exchange has climbed 28.29 cents, including a decline of 5.52 cents over the past two trading days to a Monday settlement of $2.5791.

To continue reading this article...

Already have an account? Sign In

Create a Free Account

No payment required

By signing up with your email, you will receive newsletters, special offers, and occasional third-party promotions from FreightWaves.com and its family of brands.

    Need Help? Contact Us

    John Kingston

    John has an almost 40-year career covering commodities, most of the time at S&P Global Platts. He created the Dated Brent benchmark, now the world’s most important crude oil marker. He was Director of Oil, Director of News, the editor in chief of Platts Oilgram News and the “talking head” for Platts on numerous media outlets, including CNBC, Fox Business and Canada’s BNN. He covered metals before joining Platts and then spent a year running Platts’ metals business as well. He was awarded the International Association of Energy Economics Award for Excellence in Written Journalism in 2015. In 2010, he won two Corporate Achievement Awards from McGraw-Hill, an extremely rare accomplishment, one for steering coverage of the BP Deepwater Horizon disaster and the other for the launch of a public affairs television show, Platts Energy Week.