U.S. diesel rose 9.7 cents a gallon in the latest weekly survey while gasoline fell 4.7 cents, leaving fuel buyers facing different price changes as Brent crude finished Tuesday below its session high.
The U.S. survey, released Tuesday, put on-highway diesel at $6.276 a gallon for the week of Oct. 19. Regular gasoline averaged $4.284 a gallon. The figures measure weekly retail prices, while Brent’s close reflects one trading session.
Brent futures touched $111.99 Tuesday before settling at $108.79 a barrel, down 76 cents, or 0.69%, from the previous close. The benchmark had also declined Monday.
Crude oil accounts for the largest share of gasoline’s pump price. Refining, distribution and taxes also affect what motorists pay, so a daily move in crude does not produce an equal change in retail prices.
