Diesel prices fall 13 cents

The average diesel price in the U.S. fell 13 cents to $2.81 per gallon for the week of November 17, 2008, 63 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 13 cents to $2.81 per gallon for the week of November 17, 2008, 63 cents less expensive than it was one year ago, according to the Energy Information Administration (EIA).

Since mid-July, the price of a barrel of crude oil has fallen from $147.27 to $54.95 mid-afternoon today, according to the Associated Press, leading to diesel prices dropping nearly two dollars per gallon.

Prices are averaging below three dollars per gallon in seven of EIA’s nine regions. The most expensive area for diesel fuel continues to be New England, where it averaged $3.15 per gallon, followed by the Central Atlantic at $3.07 per gallon. The least expensive area is the Gulf Coast, which averaged $2.75 per gallon.

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