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After dropping for 8 weeks, benchmark diesel price turns higher

December 26, 2023

Tuesday marked the end of the eight-week decline in the benchmark diesel price used for most fuel surcharges. The Department of Energy/Energy Information Administration price posted a 2-cents-per-gallon increase.

The upward move to $3.914 a gallon marked the first increase since a big 10.1-cent jump to $4.545 a gallon on Oct. 23. Since that date and through the price published Dec. 21, the average retail diesel price published by the DOE/EIA had fallen 65.1 cents a gallon before the 2-cent upward move Tuesday.

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