After some stability in the futures market for ultra low sulfur diesel (ULSD) signaled retail prices might stop rising, a renewed surge has led to a big move in the weekly benchmark price published Tuesday. The Department of Energy/Energy Information Administration average weekly retail diesel price rose 9.8 cents/gallon Monday, published a day later, to $3.809/g. It’s the seventh consecutive increase, a period during which the price used for most fuel surcharges has increased 35 cts/g. It’s the highest ...

An oil market that was the friend of consumers for much of the fourth quarter has now turned to be a serious headwind, with the futures price of ultra low sulfur diesel settling Tuesday at its second-highest price in almost two years. The rising price of diesel futures, even before the latest surge in recent days, was reflected in the Department of Energy/Energy Information Administration average weekly retail diesel price. It rose for the second consecutive week, published Tuesday but effective Monday, j ...