Diesel at new highs, gasoline price holds overnight in region
Crude oil and diesel fuel prices were surging this morning, but gasoline prices held steady overnight in southeastern Pennsylvania and southern New Jersey, the AAA Mid-Atlantic auto club said.
Crude oil and diesel fuel prices were surging this morning, but gasoline prices held steady overnight in southeastern Pennsylvania and southern New Jersey, the AAA Mid-Atlantic auto club said.
The average for a gallon of regular gasoline in Philadelphia and surrounding Pennsylvania counties stood this morning at $3.16. The average was steady at $2.97 in South Jersey, AAA said.
Diesel, however, rose to new highs - $3.92 per gallon in southeastern Pennsylvania, and $3.65 in South Jersey.
The national gasoline average, meanwhile, hit a new 2008 record at $3.18 per gallon, and diesel rose to an all-time national record at $3.70 per gallon.
Crude oil prices were surging after the government's report of a drop in stockpiles, the Associated Press reported.
Most analysts had expected oil supplies to rise. Light, sweet crude for April delivery was up $2.90 a barrel at $102.42 on the New York Mercantile Exchange.