Gasoline futures traded near an eight-month high after a report that inventories fell last week.
The average price for regular gasoline at U.S. pumps jumped 8.5 cents in the past two weeks to a 13-month high of $3.6918 a gallon, according to Lundberg Survey Inc.
Gasoline rose, headed for a second straight weekly gain, on lower supplies and higher demand.
Gasoline futures slipped from a seven-month high as the U.S. benchmark crude retreated.
Diesel futures in New York followed Brent crude and European gasoil higher amid escalating tensions between Russia and Ukraine.
Gasoline futures reached the highest price in a month after an industry group reported that U.S. inventories of the motor fuel declined.
Gasoline futures fell from a one- month high on speculation that higher prices will attract imports and increase supply.
Gasoline futures jumped to a three- week high on speculation that U.S. inventories of the motor fuel declined last week.
U.S. consumers are paying the most in six months for gasoline because of declining supplies and rising costs for the ethanol added to the fuel. Prices probably will keep climbing, the largest U.S. motoring group said.
Gasoline futures advanced as more Americans went to work in March, signaling that demand for the motor fuel will improve for the summer driving season.