Diesel Prices Climb to $6.276 While Gasoline Eases: a Tanker Fire Threatens the Pump Relief

Diesel is climbing again. The Energy Information Administration's weekly retail survey put the national average for on-highway diesel at $6.276 a gallon for the week of Oct 19, up from $6.179 the prior week, even as regular gasoline kept easing to $4.284. That split, coming in the same weekly print, is the tension underneath today's oil spike: a Strait of Hormuz tanker fire pushed WTI to a $110.48 session high on Oct 20, per today's market coverage, and the relief at the pump that consumers have enjoyed for four straight weeks is now hostage to it.

Key Takeaways EIA's weekly retail print for the week of Oct 19 put regular gasoline at $4.284, the fourth straight weekly decline, down $0.194 fro…