commodities market

Back to the past: $4 diesel returns

Well it's official, folks. The Energy Information Administration's weekly diesel report this week showed the national average with 3 cents of the $4 mark, reaching the highest point yet in the now near nine-month run-up in price we've seen since last August, by now oh-so eerily reminiscent of the 2007-08 run (an Overdrive headline in April 2008 read, "No April Fool's joke: $4 diesel"). This blow-up is ever more remarkable in what it's been revealing about the glacial ...

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