Diesel hits lowest level since 2005

The average diesel price in the U.S. fell five cents to $2.37 per gallon for the week of December 22, 2008, according to the Energy Information Administration (EIA), reaching its lowest price since August 2005.

The average diesel price in the U.S. fell five cents to $2.37 per gallon for the week of December 22, 2008, according to the Energy Information Administration (EIA), reaching its lowest price since August 2005.

The price of a barrel of U.S. crude oil has fallen below $40, closing yesterday at $39.91even as the Organization of Petroleum Exporting Countries (OPEC) promised to cut production by 2.2 million barrels a day, according to the Associated Press.

The most expensive area for diesel fuel continues to be New England, where it averaged $2.69 per gallon. The least expensive areas are the West Coast and Rocky Mountain areas, where it averaged $2.27 per gallon.

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