The average diesel price in the U.S. decreased six cents to $2.13 per gallon for the week of February 23, according the Energy Information Administration (EIA), putting prices at their lowest level since February 28, 2005.
Crude oil prices fell to $38.29 a barrel yesterday on the New York Mercantile Exchange after U.S. stocks fell to their lowest point since 1997 due to fear that the stimulus package won’t keep the current recession from deepening, the Associated Press reported.
The most expensive area for diesel fuel continues to be New England, where it averaged $2.51 per gallon. The least expensive areas are the Midwest and Gulf Coast regions, where it averaged $2.16 per gallon.
