DOE Lowers 2010 Diesel Forecast to Below $3 a Gallon

Article summary

  • Department of Energy says diesel will fall this year but will go up next year

Key quote

DOE said its outlook includes preliminary estimates of production reductions resulting from a 6-month deepwater drilling moratorium announced by Interior Secretary Ken Salazar on May 27, following April’s explosion at a BP oil platform and subsequent oil leak into the Gulf of Mexico that has yet to be contained.

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