Diesel Prices Lowest Since 2005

February 9, 2009

SHARING TOOLS        | Print Subscribe
The average price of a gallon of diesel fell almost 3 cents this week to $2.219, according to weekly figures from the U.S. Energy Information Administration.

That's $1.061 less than the average a year ago. Diesel prices have not been this low since mid-2005.

The highest prices were seen in the New England region, with an average of $2.576; the lowest in the Gulf Coast region at $2.156, followed by the Midwest at $2.173.

Meanwhile, crude oil prices fell below $40 a barrel Monday, closing at $39.56 a barrel, the lowest close since Jan. 20, when oil settled at $38.74 a barrel. This is despite oil cartel OPEC's actions to cut production. Abdullah al-Badri, secretary-general of OPEC, told reporters that about 80 percent of the previously agreed-upon cuts were complete, according to CNN Money.

Comment On This Story

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


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



The expert, Mark Betner from CITGO, will answer your questions

View All



The expert, Rence Oliphant from Hendrickson, will answer your questions

View All