Oil and Diesel at Record High Prices, Gasoline Close

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Record oil prices drove up gaso­line and diesel prices over the win­ter when they nor­mal­ly drop sig­nif­i­cant­ly due to a reduc­tion in demand. Cold weath­er cre­at­ed heat­ing oil demand and kept diesel prices even high­er than gaso­line, but both lagged behind crude oil increas­es. Now that the tra­di­tion­al spring demand increase has hit, diesel prices have hit a record nation­al aver­age high sev­er­al days run­ning and gaso­line is almost back to records set in May 2007.




Oil and Diesel at Record High Prices, Gasoline Close

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Record oil prices drove up gaso­line and diesel prices over the win­ter when they nor­mal­ly drop sig­nif­i­cant­ly due to a reduc­tion in demand. Cold weath­er cre­at­ed heat­ing oil demand and kept diesel prices even high­er than gaso­line, but both lagged behind crude oil increas­es. Now that the tra­di­tion­al spring demand increase has hit, diesel prices have hit a record nation­al aver­age high sev­er­al days run­ning and gaso­line is almost back to records set in May 2007.