The national average price-per-gallon for diesel fuel fell again Monday, Nov. 22, to $2.116 from last week’s average of $2.132, the Department of Energy reported.
Despite the decrease, 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 $2.299.
Among the higher average prices were the West Coast region, at $2.242; the New England region, at $2.258; and the Central Atlantic region, at $2.251.
Other prices included the East Coast region, where the average price is $2.143; the Lower Atlantic region, at $2.086; the Rocky Mountain region, at $2.170; the Midwest region, at $2.083; and the Gulf Coast region, at $2.048.
Meanwhile, crude oil prices traded below $49 a barrel Monday following a steep run-up on Friday amid renewed fears over winter heating supplies.
Light, sweet crude for delivery in January closed at $48.65 a barrel, down 25 cents from the closing price Friday on the New York Mercantile Exchange.
The price of crude had jumped more than $2 a barrel on Friday settling at $48.89 a barrel. Concerns about tight winter fuel supplies and speculation that OPEC may scale back output also contributed to the run-up.
Analysts told The Associated Press that prices were likely to remain higher ahead of the Thanksgiving holiday on Thursday and expectations that data scheduled for release on Wednesday will show lower levels of distillate inventories, which includes heating oil, diesel and jet fuel.
Even after Friday’s climb, the price of crude remains more than $6 below the peak closing price of $55.17 set twice in late October.