Mark Szakonyi, Associate Editor | Jul 30, 2012 4:50PM EDT
Diesel prices in the U.S. rose for the fourth straight week, climbing 1.3 cents in the week ending July 30 as oil prices slipped.
The average cost per gallon of diesel, $3.796, is down 16.1 cents from a year ago, according to the U.S. Energy Information Administration.
Diesel prices rose across the country except in the Gulf Coast and the West Coast excluding California. The Midwest saw the largest price gain, with the cost per gallon of diesel rising 3.3 cents to $3.782. Diesel remains under $4 a gallon on average in all regions.
Crude oil for September delivery fell 35 cents to $89.78 a barrel on the New York Mercantile Exchange. Trading is expected to be more erratic than usual this week as investors weigh the results of the Federal Open Market Committee and European Bank meetings, and new U.S. job figures, according to the Wall Street Journal.
Contact Mark Szakonyi at mszakonyi@joc.com. Follow him on Twitter @szakonyi_joc.
