Drivers

Diesel Prices Hit $3.55

February 25, 2008

SHARING TOOLS        | Print Subscribe
The average price of a gallon of diesel hit a new record, with last week's U.S. on-highway retail average hitting $3.55 a gallon, according to the U.S. Energy Information Administration.

That average jumped 15.6 cents per gallon from just a week earlier, on top of a nearly 12-cent jump the week before. The average price of a gallon of diesel fuel stands a dollar higher than it did a year ago. The highest prices last week were in New England, at $3.71 a gallon. The lowest were in the Rocky Mountain region at $3.47.
Lower prices are not likely in the near future. Oil prices rose to more than $99 a barrel in New York trading Monday, thanks to supply worries triggered by Turkey's offensive in Iraq and fears of a forthcoming OPEC output cut. This follows last week's milestone of crude oil closing over $100 per barrel for the first time ever.

Comment On This Story

Name:  
Email:  
Comment: (Maximum 2000 characters)  
Leave this field empty:
* Please note that every comment is moderated.

Newsletter

We offer e-newsletters that deliver targeted news and information for the entire fleet industry.

GotQuestions?

Lubricants

The expert, Mark Betner from CITGO, will answer your questions

View All

GotQuestions?

Suspension

The expert, Rence Oliphant from Hendrickson, will answer your questions

View All