Mark Szakonyi, Associate Editor | May 29, 2012 5:01PM EDT
Diesel prices across the U.S. fell to the lowest point since early February, declining 5.9 cents in the week ending May 28 as oil prices crept up.
The average price, $3.897, fell for the sixth straight week, according to the U.S. Energy Information Administration. Prices are up 11.4 cents, or 2.9 percent, from the beginning of the year.
Prices fell in all regions, with the New England and Central Atlantic regions, along with the West Coast and California, being the only areas not to see diesel under $4 a gallon. California saw the sharpest decrease, with prices declining 75 cents to $4.228.
Crude oil for July delivery rose 58 cents to $91.44 a barrel on the New York Mercantile Exchange. Investor confidence rose slightly on reports that Greek voters will likely elect a party that backs austerity measures needed to keep the ailing country in the eurozone
Contact Mark Szakonyi at mszakonyi@joc.com. Follow him on Twitter @szakonyi_joc.
