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Forecast: $4-plus diesel through summer

| April 21, 2011

In its latest fuel price outlook, the U.S. Energy Information Administration projects that diesel fuel prices will average $4.09 a gallon through this summer. 

In its latest monitoring of on-highway prices, the EIA reported a national average of $4.105. Prices have increased steadily since last October, with the current average $1.03 higher than a year ago. Diesel prices averaged $2.98 a gallon last summer.

Crude oil is expected to average $112.50 a barrel this summer compared with last summer’s average of $74.70. EIA forecasts wholesale diesel margins this summer of 60 cents a gallon, up from last summer’s 40 cents a gallon.

  • Bob McNall

    Diesel prices here in Santa Barbara California are now 4.599 and going higher. Diesel, until the 1970’s was always about half price of gasoline. Now it’s been higher than gasoline for years. I smell some kind of conspiracy. What do you think? strives to maintain an open forum for reader opinions. Click here to read our comment policy.