Diesel will average more than $3 a gallon next year, in line with a previous forecast, the Department of Energy said.
Diesel will average $2.95 this year and $3.12 in 2011, compared with last month’s $2.96 and $3.14 forecasts, respectively.
Trucking’s main fuel averaged $2.46 a gallon last year, DOE said Tuesday in its monthly short-term energy outlook.
In its weekly price survey released Monday, DOE reported that diesel’s national average topped $3 for the first time since November 2008, jumping 7.6 cents to $3.015 a gallon.
Gasoline rose 2.1 cents to $2.826, with both fuels resuming the upward trend that had faltered last week following five weeks of increases.
This year, gas will be almost 50 cents higher in the peak driving season from April 1 to Sept. 30, climbing to $2.92 from last year’s $2.44 per-gallon average.
Gas will average $2.84 for this entire year and $2.96 in 2011, up from last year’s $2.35 per gallon, “primarily because of projected rising crude oil prices,” DOE said.
Read the full story here.
Latest from Lawn & Landscape
- Tennessee's Tree Worx acquired by private equity firm
- Enter our Best Places to Work contest
- Hilltip adds extended auger models
- What 1,000 techs taught us
- Giving Tuesday: Project EverGreen extends Bourbon Raffle deadline
- Atlantic-Oase names Ward as CEO of Oase North America
- JohnDow Industries promotes Tim Beltitus to new role
- WAC Landscape Lighting hosts webinar on fixture adjustability
