Oil markets have been trending higher in the past week and got another boost — albeit a muted one — Monday from the weekend events in Russia, but the benchmark retail diesel price declined for the 19th time in the past 21 weeks.
The Department of Energy/Energy Information Administration average U.S. retail diesel price used for most fuel surcharges declined 1.4 cents a gallon to $3.801. It meant that last week’s increase of 2.1 cents a gallon, which ended a string of eight consecutive weeks of declines, proved short-lived.
