The average price of a gallon of diesel fuel last week was just under $4 a gallon, with the average topping the $4 mark in several regions of the country.
According to figures released Monday by the U.S. Energy Information Administration, the average retail on-highway diesel price as of Monday was $3.974, $1.293 more than a year ago and 15.5 cents higher than the previous week.
Prices topped $4 a gallon on the East and West Coasts, including the East Coast sub-regions of New England and the Central Atlantic. Prices were lowest in the Rocky Mountain region at $3.892 and highest in the Central Atlantic at $4.177.
Meanwhile, crude oil prices dropped Monday, falling $4.53 to close at $105.68 a barrel on the New York Mercantile Exchange - but only after hitting an all-time intraday high of 111.80. The drop, some said, was due to investors scared by the sale of Bear Stearns, fearing it's a sign of deep economic troubles.
However, crude prices started climbing again in after-hours trading due to concerns about further declines in the value of the dollar as everyone watches to see if the Fed cuts rates Tuesday.
According to figures released Monday by the U.S. Energy Information Administration, the average retail on-highway diesel price as of Monday was $3.974, $1.293 more than a year ago and 15.5 cents higher than the previous week.
Prices topped $4 a gallon on the East and West Coasts, including the East Coast sub-regions of New England and the Central Atlantic. Prices were lowest in the Rocky Mountain region at $3.892 and highest in the Central Atlantic at $4.177.
Meanwhile, crude oil prices dropped Monday, falling $4.53 to close at $105.68 a barrel on the New York Mercantile Exchange - but only after hitting an all-time intraday high of 111.80. The drop, some said, was due to investors scared by the sale of Bear Stearns, fearing it's a sign of deep economic troubles.
However, crude prices started climbing again in after-hours trading due to concerns about further declines in the value of the dollar as everyone watches to see if the Fed cuts rates Tuesday.
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