The U.S. average retail price of diesel rose 0.9 cent to $2.481 amid a record surge in refinery production of distillate fuel — which includes ultra-low-sulfur diesel — and a slow rebound in oil prices after they dropped sharply a week earlier, analysts said.
Diesel now costs 6.7 cents more than it did a year ago, when the price was $2.414 a gallon, the Department of Energy said July 10. It marked diesel’s second increase after four consecutive weekly declines.
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