Diesel Fuel Prices hit a Two-Year High

According to the Energy Information Administration's weekly fuel price data, the price of highway diesel fuel on the week of November 17, 2010, reached a 2-year high of $3.18 per gallon. Back in 2008, the prices for gasoline and diesel fuel rose to record levels in mid-summer, but plummeted by about 50% before the end of the year. Though fuel prices have been up and down several times over the last two years, there is a general upward trend. Diesel prices have been over $3.00 per gallon only one other period since 2008 – in April and May 2010.