Diesel prices have already surpassed government predictions
for the summer and show no signs of slowing down.
The U.S. Energy Information Administration has predicted an
average price of $2.62 per gallon for diesel this summer, but ProMiles reported
an average of 2.849 for Thursday, April 20, up more than 2 cents from the
Diesel is already broaching the $3 mark in some areas. New York, Connecticut and California were all just above $3 per gallon, according to
By contrast, the lowest price reported by ProMiles was
$2.677 in Oregon.
Meanwhile, AAA was reporting an average of $2.841 per gallon
for April 20, up less than 2 cents from the previous day.
The auto club also reported prices above the $3 mark in
several areas, including Connecticut, New York and California. The highest,
however, was $3.107 per gallon in Arizona.
Gasoline isn’t faring any better. In fact, it’s worse in
some areas. The New York Daily News reported one station in Brooklyn Heights – near the Brooklyn Bridge – was selling premium gasoline for $4.50 per gallon
on Wednesday, April 19.Regular wasn’t much better, at $4.14 for cash or $4.26
The manager of the station told The Daily News that
he had no choice but to raise the prices because the station’s holding tanks
are small and require frequent deliveries.
The EIA said in its weekly report – issued on Wednesday,
April 19 – that it expects fuel prices to stabilize by summer as several key
refineries on the Gulf Coast that were damaged by Hurricane Katrina are
expected to return to full production capacity in the coming weeks.