Kathy and I purchased a 2004 VW Beetle with a diesel engine on October 24, 2003. The price of a gallon of diesel at that time was $1.30 -- gas was somewhere around $1.60 per gallon. I filled up the little mellow yellow fellow this morning and as you can see (or maybe not see) on the receipt to the right the price of diesel has increased somewhat in the last 4 and 1/2 years to $3.69 per gallon (Gas this morning was $3.08). According to my math that is 184% increase in 4.5 years, which is 40% increase per year or .769% per week. At this rate of increase we can expect diesel fuel prices to hit $10.50 per gallon sometime during the year 2012.
I sure am glad that we live in a county that has a free enterprise system and there is not a greedy bone in anyone's body. Just a little FUEL for thought!!
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