Tuesday, March 1, 2011

Tuesday, March 1, 2011

Here it is the 1st of a new month and I'm sure I'm not telling anyone anything new when I say--gas/diesel prices are going through the roof.

After approaching nearly $5/gal. during a meteoric rise in 2008, diesel fuel prices dropped along with the economy in 2009. But since falling to nearly $2/gal. in early 2009, prices have steadily climbed, a trend that should continue through 2011, according to Neil Gamson of the U.S. Energy Information Administration (EIA).

Gamson told Fleet Owner that EIA is predicting diesel prices will average $2.96/gal. this year and climb to $3.11/gal. in 2011. In 2009, on-highway diesel fuel retail prices averaged $2.46/gal.

Unfortunately, the above article came out in June of 2010 and we already know they were off in their prediction--that prices are already above that: checking on the internet, $3.61 was the highest I found for mid-February in California and I know that we are already past that point now that we are into March....where will it end?

1 comment:

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