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Diesel Rises 5.6¢ to $2.445 a Gallon as Oil Hits 12-Month High

October 12, 2016

The U.S. average retail price of diesel jumped 5.6 cents to $2.445 a gallon, according to the Department of Energy, as oil prices hit a 12-month high.

Diesel is 11.1 cents cheaper than it was a year ago, when the price was $2.556, DOE said after its Oct. 10 survey of fueling stations.

Crude oil futures on the New York Mercantile Exchange closed Oct. 10 at $51.35 per barrel. That was the highest price in the past 12 months.

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