Diesel fuel’s price reaches
highest level in two years
Nov 17, 2010 11:42 AM
The national average retail price of diesel fuel surged to its highest level in more than two years, jumping 6.8 cents to $3.184 a gallon, according to US Department of Energy information.
This increase was the biggest since April 5, when it rose 7.6 cents, and the highest price since Oct 27, 2008, when it averaged $3.288 and was coming off historic highs. The price is now 39.4 cents over the same week in 2009, and trucking’s main fuel has spiked 11.7 cents in the past two weeks.
Prices at all regions climbed, led for the second consecutive week by the Rocky Mountain region’s gain of 7.9 cents to $3.278. The East Coast increased 7.3 cents to $3.187, while the Midwest rose 6.5 cents to $3.167. California remained the most expensive, up 6 cents to $3.339.
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