Gas breaks $4; diesel hits $5 in areas

DELRAY BEACH — No kidding. Gasoline has broken the $4 barrier in Palm Beach County and shows no signs of slowing down.

Diesel is rapidly moving toward $5, and in some markets, California and New York, it already has surpassed that mark.

AAA put the current price of a gallon of regular gasoline in Palm Beach County at $4.037 a gallon Wednesday. The average cost of a gallon of diesel: $4.825.

Meanwhile, the U.S. Energy Information Administration says gasoline nationally has shot up 14 cents a gallon in the past week, and 30 cents in the past month.

Regular now averages $3.937 a gallon, up from $3.791 a week ago and $3.603 a month ago. The all-grades average, according to EIA, is now $3.986, up from $3.84 a week ago and $3.653 a month ago.

In Florida, regular averages $3.931 a gallon, up from $3.803 a week ago and $3.614 a month ago. The all-grades average, according to EIA, is now $3.996, up from $3.886 a week ago and $3.676 a month ago.

Diesel, according to EIA, now averages $4.723 a gallon, up from $4.497 a week ago and $4.17 a month ago.

DELRAY'S ONLINE BUSINESS AND COMMUNITY NEWSPAPER — PALM BEACH BUSINESS.COM
 
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MAY 28, 2008
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