Crude falls to new low for 2006

| Thursday, October 12, 2006

Crude oil prices have fallen to their lowest level for the year, with futures trading at below $58 a barrel in New York Thursday.

The low levels arrived amidst conflicting reports as to whether OPEC nations will cut back their oil production.

Meanwhile, ProMiles shows diesel fuel averaging $2.53 a gallon across the country – unchanged from Wednesday.

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