Diesel Hits $6.35 a Gallon as Trucking Fuel Costs Climb a Second Straight Week

Diesel is the price of getting anything from a warehouse to a shelf in this economy, and that price is climbing again. The EIA national on-highway diesel average touched $6.352 a gallon in its weekly update for the week of October 26, its second consecutive weekly increase and a 70.8 percent jump from the $3.718 average a year earlier. The move is doing the arithmetic for every truckload contract on the road: fuel is roughly a fifth to a quarter of a truck's operating cost, and two weeks of diesel increases are quietly repricing the freight leg of almost everything you buy.

Key takeaways Diesel averaged $6.352 a gallon in the week of October 26, a 1.2 percent weekly rise and the second straig…