If you can believe the predictions, Uncle Sam says diesel prices won’t float nearly has high as expected, and will actually sink before the year winds up.
The DOE (Department of Energy) says we should expect a peak of diesel fuel prices in April or May, somewhere near $3.30 per gallon. By year’s end, 128 ounces of the precious fluid will have dropped to near $3.00. Last month the DOE projected that prices would be considerably higher, but production has increased, while demand has fallen.
What about an annual prediction? DOE says the average annual diesel price for 2008 will be around $3.21, while 2009 shows a whopping drop, with projected petrol prices at just (just?) $3.08.
You gasoline burners should see some relief too: The expected peak of gas is in May near $3.38, dropping to $3.00 in September, and bottoming out the year in December at $2.75. Can you believe it?
This entry was posted on Friday, February 15th, 2008 at 3:53 pm and is filed under fuel prices. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
We Canadians are used to high gas prices… actualy I pay 4.24$ (1.16 a liter) but when it drops a few cents I feel so happy that I rush to the gas station for a fill up… The more they play YoYo with gas the more you get used to it… so let it hit 3.38 and when it goes back to ONLY 3.00 you will feel so happy and free that you will all hit the road… !!
In a few weeks we will tow our 5thwheel for about 8300 miles (13250km)from Quebec to Arizona and back… but I guess I’ll slow down a bit
François
Bite your tounge on that one. 3.69.9 right now in NW Wi.
Seattle on 2/29/08 - diesel at discount fuel stops - $3.79 and rising. DOE seems to be in dreamland!
Seattle 2/29/08 - Diesel prices at discount fuel stops - $3.79
DOE estimates are “feel good” numbers and not based on reality.
“Can you believe it?” Well, no. The oil companies will not put up with that, no matter what else happens.
$ 3.39.9 in Rhode Island. Hope prices come down soon. Getting ready to get back on the road again.
Fuel in Salem Va. 359.9 The DOE is doing the good stuff , thay need to not worry about china’s fuel we send them and let us use the fuel here we send most of the fuel we pump over there, /or start making fuel out of hemp and send that over there for the leaded products thay send us //////////////////////////////////////////// :-}
Diesel holding around $3.55 in Central Missouri. I will continue to feel diesel should always be .20 - .35 less than reg. gas. No way should it be .50 higher.