Diesel jumps 4.3 cents, gasoline up 7.9

March 12, 2002
The cost to fuel a truck made its biggest jump in weeks yesterday, though the price at the pump for gasoline and diesel fuel is significantly lower than last year. The Dept. of Energy said diesel rose 4.3 cents to $1.216 while gasoline jumped 7.9 cents to $1.223. However, diesel is down 19 cents from a year ago, and gasoline is down 18.9 cents. According to the DOE, commercial petroleum inventories
The cost to fuel a truck made its biggest jump in weeks yesterday, though the price at the pump for gasoline and diesel fuel is significantly lower than last year.

The Dept. of Energy said diesel rose 4.3 cents to $1.216 while gasoline jumped 7.9 cents to $1.223. However, diesel is down 19 cents from a year ago, and gasoline is down 18.9 cents.

According to the DOE, commercial petroleum inventories have fallen the past three weeks. That and fears that the U.S.-led war or terrorism will expand into Iraq and possibly disrupt supplies have been seen as the reasons for rising prices.

Diesel on the West Coast rose 7 cents to $1.327 and in California it was up 6.7 cents to $1.338. The Gulf Coast saw a 9.6 cent rise is gasoline price, followed by the West Coast, which had a 9.5 cent increase.

About the Author

Tim Parry

Sponsored Recommendations

Stop Sweating Temperature Excursions

Advanced chemical indicators give you the peace of mind that comes from reliable insights into your supply chains. Compromised shipments can be identified the moment they arrive...

How Electric Vehicles Help You Prolong the Life of Your Fleet

Before adopting electric vehicles for commercial/government fleets, prioritize cost inquiries. Maintenance is essential; understand the upkeep of EV fleets. Here’s what you need...

How to Choose the Right Route Planning Solution

This free buyer's guide will help equip you with the knowledge and insights needed to analyze route planning software and vendors in the market and, ultimately, make an informed...

How to Put Your Trucking Data to Work

How fleets can overcome data overload to optimize operations and get ahead.

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!