Latest Freight News
Diesel, Gas Pump Prices Continue to Soar
The price jumps were led by repeated records for crude oil, which closed at a record $110.33 a barrel Thursday on the New York Mercantile Exchange.
Gasoline set records for the 4th straight day, gaining 1.3 cents to a national average price $3.28 a gallon, according to the motorists group AAA and the Oil Price Information Service.
Diesel’s average, meanwhile, closed in on $4 a gallon, gaining nearly 3 cents to a record national average of $3.938 a gallon, AP said.
Heating oil futures — the closest proxy to diesel — jumped to new records on the Nymex, AP reported.
Posted on Mar 17 2008
