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HURRICANE IMPACT: Rita spurs record diesel prices

Published Tuesday, October 04, 2005

The national average price for a gallon of diesel surged 34.6 cents to $3.144, which humbles the old record set on Sept. 5 just after Katrina struck by a lofty 24.6 cents. The week ending Oct. 2 marks the first time all regions averaged above the $3-dollar level since the Dept. of Energy’s Energy Information Administration (EIA) began recording data. Supply constraints following the refinery outages due to the recent Gulf Coast hurricane are the culprit, according to the Dept. of Energy. California, which formerly held the dubious honor of being the most expensive region ...

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