Fuel Smarts

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
Ask a question

Sponsored by


WHEEL ENDS SOLUTIONS

Wheel end expert Jeff Geist from STEMCO will answer your questions
Ask a question

Sponsored by

Magazine