Diesel prices through May not forecast to be as harsh as same period last year

Diesel prices have been on the rise since October and will continue the upward trend through the end of the second quarter this year, according to John Cogan, energy information specialist for Energy Information Administration, a division of the U.S. Department of Energy.

“Prices for diesel fuel in the first quarter of 2007 are higher than the first quarter of 2006,” says Tancred Lidderdale, senior economist for the Energy Information Administration. “Second-quarter prices are a little lower

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