Diesel price flat

The average price for a gallon of diesel fuel fell for the tenth straight week, but the drop announced by the U.S. Dept. of Energy yesterday, a thousandth of a cent, shows signs that the days of temporary relief for truckers may end soon. The average price of $1.347 is down ever so slightly from the previous week, but is down 3.3 cents from July 16. OPEC announced last week that it will lower its

The average price for a gallon of diesel fuel fell for the tenth straight week, but the drop announced by the U.S. Dept. of Energy yesterday, a thousandth of a cent, shows signs that the days of temporary relief for truckers may end soon. The average price of $1.347 is down ever so slightly from the previous week, but is down 3.3 cents from July 16. OPEC announced last week that it will lower its production by a million gallons a day beginning in September, and several U.S. refiners are scheduling midsummer maintenance or reducing crude runs. Analysts say these factors will most likely bring a slight rise in the price of diesel fuel. While seven regions saw the price fall, two – the Lower Atlantic and Midwest – saw the price slightly rise. The Lower Atlantic rose from $1.309 to $1.311, while the Midwest went from $1.321 to $1.332. The Lower Atlantic still has the lowest average price per gallon in the U.S.

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