Diesel Fuel Price Hits 15-Week High

The price of diesel rose sharply this week in the wholesale and retail markets, and analysts expect them to continue rising from some of the lowest levels since 1994.

At the end of 1998, the average price of diesel at self-service pumps stood at 96.6 cents a gallon. The cost started to creep upward during the first month of 1999, peaking at 97 cents during the week of Jan. 18. It then bottomed out at 95.3 cents about a month later.

The $1 for a gallon of self-service diesel is a 15-week high, according to the Energy Information Administration.

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