Wall Street crude has been trading higher which means diesel fuels is also. Diesel prices broke the $3 a gallon mark for the first time since November 2008,
After going down 0.7 cents last week on the heels of a five-week tare, diesel climbed back 78.7 cents higher than the same week last year to settle at a national average of $3.015 a gallon The rising fuel prices may be one indication that a U.S. economic recovery is well underway.
Crude oil recently hit an 18-month high as it passed $85 a barrel and they are predictions higher prices to come.
The West Coast and Central Atlantic regions had the highest prices while the Gulf Coast and Lower Atlantic regions saw the lowest averages.
Also In Canada, diesel and furnace oil prices have also risen steadily over the last few months.
As always, diesel prices in Atlantic Canada and Quebec remain the highest in the country.
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Sunday, May 2, 2010
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