Diesel prices relatively unchanged; oil prices near $50 a barrel

| Monday, November 29, 2004

The national average price-per-gallon for diesel fuel on Monday, Nov. 29, is $2.116 – the same as last week, the Department of Energy reported.

The average price of diesel fuel in all U.S. regions remained above the $2 mark.

Once again, the highest average prices in the nation are found in California, where the average cost is $2.287.

Among the higher average prices were the West Coast region, at $2.233; the New England region, at $2.258; and the Central Atlantic region, at $2.252.

Other prices included the East Coast region, where the average price is $2.141; the Lower Atlantic region, at $2.082; the Rocky Mountain region, at $2.171; the Midwest region, at $2.086; and the Gulf Coast region, at $2.053.

Meanwhile, crude oil prices traded within a quarter of $50 a barrel Monday after a gas leak temporarily shut down a North Sea oil production platform and as traders weighed concerns about tight winter fuel supplies and speculation that OPEC may decide at its December meeting to scale back output.

Light, sweet crude for delivery in January climbed 32 cents to $49.76 a barrel in afternoon trade on the New York Mercantile Exchange. The last time Nymex crude settled above $50 a barrel was Nov. 3.

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