Tuesday, May 22, 2007

Diesel car and truck drivers faring better in price spike

The average price of a gallon of regular unleaded gasoline has broken a record each day since May 7, but the price of diesel isn't anywhere near record prices. Why? Industry experts say the supply of diesel is not as short as the supply of gasoline -- and the current price hikes are primarily due to demand outpacing supply.

The average price of diesel per gallon in Colorado Springs was $3.17 last week, 11 cents lower than the record high of $3.28 a gallon, set Oct. 24, 2005.

Regular unleaded gasoline averaged $3.22 in Colorado Springs, $3.26 statewide and $3.10 nationwide. All were record high prices.

Diesel-powered cars and trucks also get better mileage than those with gas-powered engines, so money spent on diesel fuel goes even further.

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