Oil prices down fifteen cents

The average diesel price in the U.S. decreased fifteen cents for the week of August 11, marking the third straight week prices fell at least a dime, according to the Energy Information Administration (EIA).

Oil prices have dropped below $115 a barrel for the first time since May, The Associated Press reported, although analysts worry that continued fighting between Georgia and Russia could disrupt supplies.

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The most expensive area of the country continues to be New England, where a gallon of diesel averages $4.58, followed closely by the Central Atlantic region, which averages $4.56. The least expensive area is the Midwest, where the average is $4.27.

View more Fleet Owner news relating to alternative fuels, hybrid technologies, fuel conservation and diesel fuel prices.

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