Forget gasoline, diesel topped $4 a month ago

Forget gasoline, diesel topped $4 a month ago - High diesel prices stand as bigger threat to consumers
6 April 2012, by Myra P. Saefong - San Francisco (MarketWatch)
http://www.marketwatch.com/story/forget-gasoline-diesel-topped-4-over-a-month-ago-2012-04-06

Excerpt:

As prices for gasoline at the pump inch closer to $4 a gallon, consumers should be even more worried about the threat from rising diesel prices, which topped that level over a month ago.

High diesel prices are “even worse for an economic recovery than high gasoline prices,” said Denton Cinquegrana, senior markets editor at the Oil Price Information Service (OPIS).

“Most Americans pay attention to the price of gasoline, but we totally neglect the impact high diesel prices have on goods and services.”

On Thursday, the average price of diesel at the pump stood at $4.166 a gallon, up 8 cents from a month ago and 16 cents above a year ago, according to AAA data.

Prices for the fuel have only topped $4 during two other periods, in 2008 and 2011.

“Anything from milk and eggs at the grocery store, to beer at the liquor store, and the newest PlayStation games at Best Buy” all get to their destination somehow — and that somehow is usually by truck, said Cinquegrana.

But consumers have been distracted by the rise in gasoline prices.