Figure 5-2: Monthly Diesel Prices (cents per gallon)

Diesel prices were about 16 percent higher in March 2004 than 10 years earlier (in inflation-adjusted terms). Over that period prices bottomed out in March 1999 at just under $1.00 a gallon (in current dollars). Except for the period July 2001 through September 2002, prices have generally been above the $1.40 mark since February 2000 (also in current dollars).

Data represented in the figure
Table in Excel format

Date	Current	Real ($ January 2004)
Mar-1994	110.7	139.8
Apr-1994	110.7	139.7
May-1994	110.0	138.6
Jun-1994	110.3	138.5
Jul-1994	111.0	139.0
Aug-1994	112.3	140.1
Sep-1994	112.5	140.0
Oct-1994	112.2	139.5
Nov-1994	113.1	140.3
Dec-1994	111.3	137.8
Jan-1995	109.8	135.6
Feb-1995	108.8	133.9
Mar-1995	108.8	133.6
Apr-1995	110.4	135.1
May-1995	112.6	137.5
Jun-1995	112.0	136.5
Jul-1995	110.0	133.9
Aug-1995	110.5	134.3
Sep-1995	111.9	135.8
Oct-1995	111.5	135.0
Nov-1995	112.0	135.4
Dec-1995	113.0	136.4
Jan-1996	114.5	137.5
Feb-1996	114.5	137.2
Mar-1996	118.3	141.3
Apr-1996	127.5	151.8
May-1996	127.3	151.3
Jun-1996	120.1	142.4
Jul-1996	117.6	139.1
Aug-1996	120.1	141.9
Sep-1996	126.5	149.0
Oct-1996	132.3	155.4
Nov-1996	132.3	154.8
Dec-1996	130.9	152.9
Jan-1997	129.1	150.5
Feb-1997	128.0	148.9
Mar-1997	122.9	142.9
Apr-1997	121.2	140.9
May-1997	119.6	138.9
Jun-1997	117.3	136.0
Jul-1997	115.1	133.3
Aug-1997	116.5	134.6
Sep-1997	116.0	133.7
Oct-1997	118.3	136.0
Nov-1997	119.2	136.9
Dec-1997	116.6	133.9
Jan-1998	112.0	128.4
Feb-1998	108.4	124.4
Mar-1998	106.3	121.9
Apr-1998	106.7	122.2
May-1998	106.9	122.2
Jun-1998	104.1	118.8
Jul-1998	102.9	117.1
Aug-1998	100.7	114.6
Sep-1998	102.4	116.4
Oct-1998	103.9	117.7
Nov-1998	102.2	115.7
Dec-1998	97.3	110.0
Jan-1999	96.7	109.0
Feb-1999	95.9	108.2
Mar-1999	99.7	112.4
Apr-1999	107.9	120.9
May-1999	107.3	120.1
Jun-1999	107.4	120.2
Jul-1999	112.2	125.0
Aug-1999	117.2	130.3
Sep-1999	121.5	134.5
Oct-1999	122.8	135.7
Nov-1999	126.3	139.4
Dec-1999	129.2	142.2
Jan-2000	135.6	148.8
Feb-2000	146.1	159.7
Mar-2000	147.9	160.7
Apr-2000	142.2	154.6
May-2000	142.0	154.1
Jun-2000	142.1	153.3
Jul-2000	143.4	154.3
Aug-2000	146.6	157.7
Sep-2000	163.7	175.2
Oct-2000	163.7	174.9
Nov-2000	162.1	172.9
Dec-2000	156.5	166.5
Jan-2001	152.4	161.2
Feb-2001	149.2	157.6
Mar-2001	139.9	147.7
Apr-2001	142.2	149.7
May-2001	149.6	156.7
Jun-2001	148.2	154.8
Jul-2001	137.5	144.0
Aug-2001	139.0	145.4
Sep-2001	149.5	156.0
Oct-2001	134.8	141.1
Nov-2001	125.9	131.8
Dec-2001	116.7	122.3
Jan-2002	115.3	120.6
Feb-2002	115.2	120.3
Mar-2002	123.0	128.1
Apr-2002	130.9	135.5
May-2002	130.5	135.1
Jun-2002	128.6	132.9
Jul-2002	129.9	134.1
Aug-2002	132.8	136.6
Sep-2002	141.1	144.9
Oct-2002	146.2	149.9
Nov-2002	142.0	145.4
Dec-2002	142.9	146.2
Jan-2003	148.8	151.7
Feb-2003	165.4	167.8
Mar-2003	170.8	172.5
Apr-2003	153.3	155.3
May-2003	145.1	147.1
Jun-2003	142.4	144.2
Jul-2003	143.5	145.1
Aug-2003	148.7	149.7
Sep-2003	146.7	147.2
Oct-2003	148.1	148.8
Nov-2003	148.2	149.2
Dec-2003	149.0	149.7
Jan-2004	155.1	155.1
Feb-2004	158.2	157.8
Mar-2004	162.9	161.7
Apr-2004	169.2	167.6
May-2004	174.6	171.9
Jun-2004	171.1	167.9

Source: U.S. Department of Energy, Energy Information Agency, U.S. Petroluem Prices, available at www.eia.doe.gov as of July 15, 2004.