Diesel prices start 2011 at highest point in over two years
Posted By:
Tom Sanderson
Date Posted:
Wednesday, January 05, 2011
8:38 AM
Weekly retail on-highway U.S. diesel prices increased by 3.7 cents to $3.331 per gallon, and are up 16.9 cents in the last 5 weeks. Prices are at the highest level since 10/20/08, when prices were rapidly falling. Diesel prices peaked at $4.764 per gallon in July of 2008 and were above $3 per gallon from September 24, 2007 to November 3, 2008. Prices start off 2011 at about the same level as January of 2008 ($3.387). That could be an ominous indicator of what this year has in store for diesel prices.
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