Diesel price falls again

The average price at the pump for a gallon of diesel fuel fell for a fifth consecutive week, according to the United States Dept. of Energy. The department's energy information administration announced an average price of $1.405 yesterday, down 2.2 cents from the previous week and down 6.4 cents since October 21. The price is the lowest since September 9, when it was $1.396. The price may fall further

Tim Parry

Nov. 19, 2002

The average price at the pump for a gallon of diesel fuel fell for a fifth consecutive week, according to the United States Dept. of Energy.

The department's energy information administration announced an average price of $1.405 yesterday, down 2.2 cents from the previous week and down 6.4 cents since October 21. The price is the lowest since September 9, when it was $1.396.

The price may fall further in the near future. Crude oil fell below $25 a barrel last week after Iraq accepted a United Nations resolution that gives inspectors unfettered access to suspected weapons sites.

California still has the highest price at $1.524, while the West Coast fell to an even $1.50. The lowest prices are in the Gulf Coast ($1.346) and Lower Atlantic ($1.347) regions.