TopNews

Diesel Prices, Oil Down

June 9, 2008

SHARING TOOLS        | Print Subscribe
The average price of a gallon of diesel fuel dropped slightly for the second week in a row, according to weekly figures from the federal Energy Information Administration, and crude oil prices dropped Monday as well.


The EIA's weekly on-highway diesel average released Monday stood at $4.692 a gallon, down 1.5 cents from the previous week but still $1.90 higher than a year previous. The highest average was reported in the Central Atlantic region at $4.879, the lowest in the Midwest region at $4.615. The average price in California slipped back down below the $5 mark to $4.992.

Meanwhile, crude oil prices fell more than $4 Monday on the New York Mercantile Exchange to close at $134.35 a barrel. The drop comes after record jumps last Thursday and Friday.

ADVERTISEMENT


According to CNNMoney.com, the drop came after a Saudi Arabian official said the kingdome will call for a summit between oil-producing countries and the world's top oil-consuming nations to discuss rising energy prices. "There is no justification for the current rise in prices," Iyad Madani, Saudi Arabia's Information and Culture Minister, told the Associated Press.

Comment On This Story

Name:  
Email:  
Comment: (Maximum 2000 characters)  
Leave this field empty:
* Please note that every comment is moderated.

Newsletter

We offer e-newsletters that deliver targeted news and information for the entire fleet industry.



GotQuestions?

LUBRICANTS

The expert, Mark Betner from Citgo will answer your questions
Ask a question

Sponsored by


WHEEL ENDS SOLUTIONS

Wheel end expert Jeff Geist from STEMCO will answer your questions
Ask a question

Sponsored by

Magazine