Diesel prices fall 15 cents

The average diesel price in the U.S. fell 15 cents to $2.65 per gallon for the week of November 24, 2008, 76 cents less expensive than it was one year ago, according to the Energy Information Administration (EIA)

The average diesel price in the U.S. fell 15 cents to $2.65 per gallon for the week of November 24, 2008, 76 cents less expensive than it was one year ago, according to the Energy Information Administration (EIA).

While the price of a barrel of crude oil has risen slightly in the past few days--closing at $54.50 a barrel yesterday after briefly falling below $50--it is still far below the record-high of $147.27 recorded in mid-July, according to the Associated Press.

Prices are averaging three dollars per gallon or less in all nine of EIA’s geographical regions. The most expensive area for diesel fuel continues to be New England, where it averaged $3.00 per gallon. The least expensive area is the Gulf Coast, where it averaged $2.60 per gallon.

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