second week in a row, diesel prices did not jump - and actually
declined in all but two regions of the country (prices in New
England stayed the same at $1.39 per gallon; and in the Rocky
Mountain area at $1.36).
the national U.S. average price-per-gallon declined from $1.32
last week to $1.30 this week. In three regions, prices declined
one cent. In the East Coast, prices went from $1.32 last week
to $1.31 this week; the price-per-gallon was $1.28 last week and
$1.27 this week in the Gulf Coast region; and prices were $1.28
per gallon last week in the Lower Atlantic states compared to
$1.27 this week. Three regions realized a 2 cent decrease, including
California where prices went from $1.45 per gallon to $1.43 this
week; the Midwest, where prices were $1.31 last week compared
to $1.29 this week; and the Central Atlantic states, where prices
were $1.41 per gallon last week and 1.39 this week.
oil-related developments, U.S. Interior Secretary Gale Norton
has ordered federal land managers to move quickly to expand
leasing within Alaska's National Petroleum Reserve. Lands within
the reserve do not require further Congressional approval for
oil drilling. The amount of oil under the reserve won't be known
until May, when they U.S. Geological Service completes its study
of the area.