Diesel prices across the U.S. in the week ending May 28 fell to the lowest point since mid-January, and less than a cent from the year’s low.
Oil prices rose slightly as diesel prices fell 5.1 cents to $3.846, the lowest price since the week ending Jan. 9 when prices were $3.828. The lowest price so far in 2012 occurred in the first week in January, with a gallon of diesel costing $3.783, according to the U.S. Energy Information Administration. Prices are down 9.4 cents from a year ago.
Prices fell in all regions, with the Central Atlantic region seeing prices below the $4 mark for the first time since early January. Diesel prices in the New England region, the West Coast and California still average higher than $4 a gallon.
Crude oil for July delivery rose 4 cents to $32.27 a barrel on the New York Mercantile Exchange, ending a four-day slippage in prices. Reports of reduced global manufacturing output and the ongoing eurozone crisis have battered investor confidence.