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Weekly diesel price increase marks longest run in almost 3 years

January 4, 2021

The weekly Department of Energy/Energy Information Administration retail diesel price rose a half-cent per gallon this week, the ninth consecutive week it has posted a gain.

The Monday price of $2.64 a gallon stands 36.8 cents more than the $2.372-per-gallon price of Nov. 2, the price before the nine-week run of increases began.

It’s the longest run of increases since a 10-week stretch in March 2018. But even during that streak, the price over those 10 weeks rose just 18 cents per gallon, starting from a base of $3.207, for a percentage gain of roughly 5.8%. This latest increase is already at 15.5% and counting.

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