Diesel drops another 2 cents

The average diesel price in the U.S. decreased two cents to $2.25 per gallon for the week of February 2, according the Energy Information Administration (EIA)

The average diesel price in the U.S. decreased two cents to $2.25 per gallon for the week of February 2, according the Energy Information Administration (EIA). This puts it at the lowest level since June 6, 2005, when it averaged $2.23. Prices are more than $1 cheaper than they were one year ago, and less than half the all-time high of $4.76 recorded on July 14, 2008.

A barrel of crude oil fell to $39.95 this morning, as uncertainty about the U.S. stimulus proposal and overall economic outlook has dampened expectations, the Associated Press has reported.

The most expensive area for diesel fuel continues to be New England, where it averaged $2.58 per gallon. The least expensive area is the Gulf Coast region, where it averaged $2.19 per gallon.

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