national average price-per-gallon
for diesel fuel fell 3 cents Monday, Jan. 3, from
last week’s average of $1.987 to $1.957, the Department of Energy reported.
It is the fourth week in a row that the national average
price of diesel has been below $2 a gallon. Until last month, the price of
diesel had been above the $2 mark since late September 2004.
highest average prices in the nation continue to be found in the New England
region, where the average cost is $2.180.
the higher average prices were those in California, at $2.063; the West Coast
region, at $2.011; the East Coast region, at $2.025; and the Central Atlantic
region, at $2.163.
prices included the Lower Atlantic region, at $1.952; Rocky Mountain region, at
$1.934; the Midwest region, at $1.929; and the Gulf Coast region, at $1.887.
crude oil prices fell sharply Monday on the first trading day of the new year
amid milder winter weather in the United States and expectations of increased
output from Canada and the North Sea.
sweet crude for delivery in February dropped $1.60 to $41.85 per barrel in
afternoon trading on the New York Mercantile Exchange. It had closed 2004 out
U.S. supply of distillate fuel, which includes heating oil, diesel and jet
fuel, traded down more than 4 cents at $1.21 per gallon on the Nymex.
oil is still about $13 a barrel cheaper than the all-time closing price of
$55.17 recorded twice in late October, the price of crude remains just under 30
percent higher compared with year-ago levels.