Diesel prices rise for the fifth straight week

By Ron Kotrba | August 19, 2009
Posted August 24, 2009

The U.S. national average price of diesel fuel rose 1.6 cents per gallon from $2.652 per gallon Aug. 17 to $2.668 per gallon Aug. 24, pushing diesel prices up to their highest point so far in 2009, according to data provided by the Energy Information Administration.

This marks the fifth week in a row for rising diesel prices, which biodiesel producers and marketers should make note of. The lower the price of diesel fuel, the tougher it is for biodiesel to remain competitively priced.

The price of diesel fuel is still down markedly from one year ago at this time, when it averaged $4.145 per gallon. To date, the highest U.S. national average diesel fuel price was recorded in July 2008, when diesel fuel topped out at $4.764 per gallon.
 
 
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