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Diesel fuel prices climbing fast

Published Tuesday, June 09, 2009

Diesel prices have shot up in recent weeks, including a 15-cent jump this week, but one expert doesn't believe we're in for another summer of record prices. Denton Cinquegrana, senior markets editor, refined products, for the Oil Price Information Service (OPIS), believes "diesel is just catching up to gasoline." "Prices for everything have been jumping dramatically the last couple of weeks and gasoline has been going up for awhile," he told Fleet Owner. "I wouldn't necessarily pin it to supply and demand." The average price for a gallon of diesel climbed to ...

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