Diesel prices hit new low

The average diesel price in the U.S. decreased three cents to $2.27 per gallon for the week of January 26, according the Energy Information Administration (EIA), hitting the lowest level since June 13, 2005. Prices are more than $1 cheaper than they were one year ago.

However, crude oil prices have increased the past two weeks, settling at $45.28 a barrel this morning, the Associated Press reported, as OPEC countries’ promise to limit supplies has caused prices to rise from $37.96 on January 13th.

The most expensive area for diesel fuel continues to be New England, where it averaged $2.60 per gallon. The least expensive area is the Gulf Coast region, where it averaged $2.20 per gallon.