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DOE/EIA diesel price higher after more bullish trend in oil markets

July 10, 2023

The diesel price used as the basis for most fuel surcharges reversed course this week, rising 3.9 cents a gallon for the first increase in three weeks and just the third in the past 23 weeks.

The Department of Energy/Energy Information Administration price was posted at $3.806 a gallon Monday. The reversal of recent trends came as gains in the broader oil market have been significant and sustained enough that some analysts say the weak market that has been the driving force for most of the first half of the year might have run its course.

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