HVAC Breaking News

April 14, 2008: Expect Higher Gasoline and Diesel Fuel Prices This Summer

April 14, 2008
/ Print / Reprints /
ShareMore
/ Text Size+

WASHINGTON - Higher costs for crude oil will contribute to higher gasoline and diesel fuel prices this summer and throughout the year, according to the U.S. Department of Energy’s (DOE’s) Energy Information Administration (EIA).

Regular grade gasoline retail prices, which averaged $2.93 per gallon last summer, are projected to average $3.54 per gallon during this summer’s driving season, says the EIA. Diesel fuel prices, which averaged $2.85 per gallon last summer, are projected to average $3.73 this summer. The monthly average gasoline price is projected to peak at just over $3.60 per gallon in June, suggesting the possibility that some local prices could exceed $4 per gallon. The monthly average diesel price is expected to peak at just over $3.90 per gallon in April, while weekly regional prices have already exceeded $4 per gallon in some parts of the country.

For the year, gasoline prices are projected to average $3.36 per gallon in 2008, up 55 cents from last year. Diesel prices are projected to average $3.62 per gallon, or 74 cents above the 2007 average price.

Publication date: 04/14/2008

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2014 MCAA Annual Convention

Scenes from the 2014 MCAA Annual Convention in Scottsdale, Ariz.

Podcasts

NEWSmakers: Julian Scadden

Training is an ongoing process. Julian will discuss how you can generate maximum return on time and energy invested training by following a three part process. Listen to this podcast to get expert tips on training, tracking and follow up. 

More Podcasts

THE MAGAZINE

ACHRNEWS

NEWS 04-14-14 cover

2014 April 14

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

SERVICE CALLS POLL

Which statement on service calls best applies to your business?
View Results Poll Archive

HVACR INDUSTRY STORE

plumbing-hvac.gif
2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

 

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

DON'T MISS A THING

Magazine image
 
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con