It’s no secret that the price of fuel is on the rise, but it’s quite shocking when you step back and realize just how quickly prices are rising. For the past month, fuel prices have been increasing by at least a cent per day, with no end in sight. The national average totaled $3.79 a gallon today, up $.39 from a month ago.
Mid-grade is up $.41 from last month — averaging $4.02 per gallon — while premium rose $.43 to $4.17.
Those who fill up with diesel won’t see any relief at the pump as it too is at record highs — up $.35 to $4.48 a gallon, according to AAA.
E85 is averaging $3.28 a gallon across the country — an increase of $.49 — but its adjusted price is $4.32 per gallon. E85 prices must be adjusted as it nets lower fuel mileage.
While the increase in the price of gas is shocking, we’re flat out perplexed about the soaring cost of diesel. Just one year ago diesel averaged $2.91 a gallon — $.22 cheaper than regular grade gasoline. With diesel prices as high as they are today, we’re not sure that diesels will ever catch on here in the U.S. — even if they do offer better performance and 20 percent better fuel economy than their gasoline counterparts.
