Authored by Tsvetana Paraskova via OilPrice.com,

Low inventories sent the national average diesel price in the United States back above $5, the first weekly price increase in more than two months.

Distillate fuel inventories in the Northeast are particularly low, with supplies of diesel fuel and heating oil in New England currently 63% below the five-year average.

There is a growing fear that an extreme weather event could significantly disrupt distillate supply in the North East.

The national average diesel price in the United States rose in the week to August 29 to above $5 per gallon again, the first weekly increase in more than two months, data from the Energy Information Administration (EIA) showed.