The average price of a gallon of diesel is now about a dollar less than it was a year ago, according to weekly figures from the U.S. Energy Information Administration.
The EIA's Monday report shows the national on-highway retail price of diesel is $2.327 per gallon, down 3.9 cents from a week ago and down $1.018 from a year ago. The highest prices were seen in the New England region, at $2.638. The lowest prices were reported in the Gulf Coast region, at $2.264.
Diesel has fallen steadily since it hit a record of $4.764 in July, with the exception of one tiny uptick on Sept. 29, although the 3.9-cent drop this week is the smallest in the past three months.
Meanwhile, crude oil prices were higher Monday, settling over $40 a barrel for the first time in a week. According to published reports, light, sweet crude for February delivery rose $2.31 to close the day at $40.02 a barrel on the New York Mercantile Exchange. Fighting in the Gaza Strip between Israel and Hamas raised concerns that oil supply from the Middle East could be disrupted.
The EIA's Monday report shows the national on-highway retail price of diesel is $2.327 per gallon, down 3.9 cents from a week ago and down $1.018 from a year ago. The highest prices were seen in the New England region, at $2.638. The lowest prices were reported in the Gulf Coast region, at $2.264.
Diesel has fallen steadily since it hit a record of $4.764 in July, with the exception of one tiny uptick on Sept. 29, although the 3.9-cent drop this week is the smallest in the past three months.
Meanwhile, crude oil prices were higher Monday, settling over $40 a barrel for the first time in a week. According to published reports, light, sweet crude for February delivery rose $2.31 to close the day at $40.02 a barrel on the New York Mercantile Exchange. Fighting in the Gaza Strip between Israel and Hamas raised concerns that oil supply from the Middle East could be disrupted.
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