12/7/2010 1:30:00 PM
Diesel will continue to rise into next year, averaging $3.23 at the pump in 2011, the Department of Energy said in its monthly report.
Thatâ€™s 4 cents higher than its most recent forecast, DOE said in its short-term energy outlook released Tuesday, adding that truckingâ€™s main fuel will average $3.14 this winter â€” 35 cents higher than a year ago.
Diesel will average $2.98 a gallon this year, a penny over last monthâ€™s forecast, after averaging $2.46 in 2009, the report said.
Gasoline also will rise, to an average $2.88 this winter â€” 22 cents over a year ago â€” and will average $3 next year, 3 cents last monthâ€™s forecast.
Gas will average $2.77 this year, matching DOEâ€™s most recent forecast, after averaging $2.35 in 2009, DOE said.
The increases follow higher crude oil prices, which DOE said will average about $84 a barrel this winter, up more than $6 from a year ago and $1 over most recent forecast issued last month.
Crude closed trading Monday on the New York Mercantile Exchange at $89.38 a barrel, the highest closing price since Oct. 7, 2008, Bloomberg reported.
Diesel and gasoline both rose in DOEâ€™s most recent weekly survey released Monday â€” to $3.197 and $2.958 per gallon, respectively â€” the highest levels in two years (click here for previous story).
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