Diesel falls four cents

The average price of diesel in the U.S. fell four cents to $2.62 for the week of December 1, 2008, according to the Energy Information Administration (EIA)

The average price of diesel in the U.S. fell four cents to $2.62 for the week of December 1, 2008, according to the Energy Information Administration (EIA).

While diesel is 71 cents less expensive than it was a year ago, the four-cent drop is the smallest amount it has fallen since September. However, the price of a barrel of crude oil continues to decrease, dropping to $48.68 per barrel, according to CNNMoney.com.

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 $2.95 per gallon. The least expensive area is the West Coast, where it averaged $2.55 per gallon.

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