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				Diesel to stay level in '09 before '2010 hike: DOE
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						Aug 12, 2009 11:21 AM
					
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					Last Updated: Mar 27, 2012 09:12 AM
				
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				<p>WASHINGTON -- The <a target="_blank" href="http://www.doe.gov">U.S. Department of Energy i</a>s predicting this year's average diesel price will settle at $2.46 a gallon, the same as last month's forecast.</p>
<p>The department's forecast for 2010 is up 5 cents from last month, to $2.84, however.</p>
<p>In its monthly Short-Term Energy Outlook, the DOE's Energy Information Administration reports that spot prices for crude oil have been volatile, falling to $59.62 in mid July and rising to $71.59 by August 3.</p>
<p>Analysts predict that North America will enjoy a few more months of relatively low diesel prices, but the cost at the pump should begin rising at the tail end of the year.</p>
<p>Part of the reason why diesel hasn't shop up drastically during this peak driving season, is that inve<a target="_blank" href="http://www.todaystrucking.com/features.cfm?intDocID=22099 ">ntory levels of middle distillates are uncharacteristically high</a> for this time of year because of the lack of economic freight and manufacturing.</p>
			
				
				
			
				
				
			
			
			
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