Diesel price projected to climb over next 2 years
The U.S. Energy Information Administration expects the average price of diesel to rise about 28 percent from 2009 through 2011. A smaller increase is projected for average gasoline price.
WASHINGTON, D.C. — The average price of on-highway diesel fuel in the U.S. is expected to rise about 28 percent from 2009 through 2011, according to a government report.
The U.S. Energy Information Administration (EIA) projected that diesel will average $2.98 per gallon this year and $3.14 in 2011, up from $2.46 in 2009.
Still, the projected 2011 price of diesel would be well below the record-high average in 2008, which was $4.02.
On the gasoline side, the EIA expects regular-grade prices to average $2.84 per gallon in 2010 and $2.96 in 2011. Monthly gas prices increased from $1.79 in January 2009 to $2.61 in December.
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