Diesel Prices Bounce

National diesel prices jumped 2.4 cents this week after last week’s much-needed 1.1-cent decline, according the Department of Energy. The steepest increase was reported in the Rocky Mountains, with a 3.4 cent increase to $1.67 per gallon. California saw a 2-cent decrease, however, to $1.85 a gallon. Diesel prices are up 7.3 cents since OPEC’s February announcement that it will cut oil production by

March 23, 2004

National diesel prices jumped 2.4 cents this week after last week’s much-needed 1.1-cent decline, according the Department of Energy.

The steepest increase was reported in the Rocky Mountains, with a 3.4 cent increase to $1.67 per gallon. California saw a 2-cent decrease, however, to $1.85 a gallon.

Diesel prices are up 7.3 cents since OPEC’s February announcement that it will cut oil production by April 1 to keep prices high. It remains uncertain whether or not OPEC will implement this quota as gas and diesel prices approach pre-Iraq war highs.