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Diesel Price Jumps 7.5 Cents to $3.055 a Gallon
Posted: Wed Aug 09, 2006 1:13 pm
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Gasoline Rises 3.4 Cents to Near-Record $3.038
Diesel fuel’s average national price jumped 7.5 cents a gallon Monday to $3.055, the Department of Energy reported.
It is the first time diesel’s national average price has topped $3 since setting a record $3.157 last Oct. 24 following Hurricane Rita.
Meanwhile, gasoline continued to rise, gaining 3.4 cents to $3.038 a gallon, about 3 cents off the $3.069 record set Sept. 5 following Hurricane Katrina.
The increases came as news broke Monday that BP’s oil pipeline in Alaska went down due to a leak, a development that took an estimated 8% of U.S. domestic oil production offline. (Click here for related coverage.)
The diesel increase was the biggest since back-to-back 11.1-cent hikes on April 17 and 24, according to DOE figures.
Diesel’s average was at least $3 in all five national regions except the Gulf Coast, where it was $2.988.
The price soared 15.6 cents in the Rocky Mountains to $3.208, vaulting that region’s price past the West Coast ($3.113) as the nation’s highest.
Truckers traveling to Colorado were warned over the weekend to avoid planning on fueling there because of spot shortages and rationing. (
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