Diesel prices hit another record last week, with the average price reported by the Energy Information Administration at $4.177 nationally, up $1.366 from a year ago and up 3.4 cents from last week's record-setting price.
The highest average retail price reported was in the Central Atlantic region at $4.376 -- up $1.503 from a year ago -- while the lowest reported average was in the Gulf Coast region at $4.113.
Meanwhile crude oil futures rose to a new record near $120 a barrel Monday on the New York Mercantile Exchange. Light, sweet crude for June delivery rose to a record $119.93 a barrel in electronic trading overnight, then retreated to trade up 59 cents at $119.11 a barrel, reported the Associated Press.
Gasoline prices continue to rise, as well, with the Oil Price Information Service and AAA reporting a record $3.60 a gallon. Analysts believe a price peak could be near, though it could rise another 10 to 15 cents before it hits that peak and starts to fall.
The highest average retail price reported was in the Central Atlantic region at $4.376 -- up $1.503 from a year ago -- while the lowest reported average was in the Gulf Coast region at $4.113.
Meanwhile crude oil futures rose to a new record near $120 a barrel Monday on the New York Mercantile Exchange. Light, sweet crude for June delivery rose to a record $119.93 a barrel in electronic trading overnight, then retreated to trade up 59 cents at $119.11 a barrel, reported the Associated Press.
Gasoline prices continue to rise, as well, with the Oil Price Information Service and AAA reporting a record $3.60 a gallon. Analysts believe a price peak could be near, though it could rise another 10 to 15 cents before it hits that peak and starts to fall.
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