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Despite drop in gas prices, diesel fuel sees spike at the pump

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GREEN BAY, WI (WTAQ) - While most of us enjoy the drop in gasoline prices, those who use diesel fuel are getting another dose of pain at the pump.

The Wisconsin AAA said the price of diesel hit $3.89 a gallon Thursday -- 20 cents higher than just one month ago. Regular unleaded dropped to $2.95 a gallon Thursday throughout the state.

That's 28 cents less than this time in October. Diesel fuel costs 93 cents more than what most of us use.

FOX 11 said the difference was only 54 cents at the start of November -- and truckers are surprised at how large the gap has grown.

Travis Weiler of Green Bay said the independent truck owners and operators are feeling the most pain, because it's coming right out of their wallets.

Patrick DeHaan of GasBuddy.Com says it all comes down to supply and demand -- and each type of fuel has its own issues. While the demand for most auto fuel is down, DeHaan says the demand for diesel has gone up on an international scale -- and in the U.S., due to rising oil production in North Dakota.

Also, he says the cold weather hurts consumer diesel prices because part of the oil for diesel fuel also makes heating oil -- which is in much bigger demand in the winter, especially in the Northeast U.S. where it's most popular.

DeHaan said the large price gap between diesel and unleaded might not get smaller until next spring.

(Story courtesy of Wheeler News Service)


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