Mark Szakonyi, Associate Editor | Apr 02, 2012 5:23PM EDT
Diesel prices across the U.S. fell for the first time in 10 weeks in the week ending April 2, dropping half a cent as oil prices rose over $105 a barrel.
The average price of $4.142 is still 16.6 cents higher than a year ago, according to the U.S. Energy Information Administration. The last time prices dropped was in the week ending Jan. 16, when the price per gallon fell six-tenths of a cent to $3.854.
Prices fell in all regions, except for the East Coast, where prices were nearly flat at $4.190 a gallon. The West Coast saw the sharpest decrease, with prices dropping 1.3 cents to $4.42 a gallon.
Crude oil for May delivery rose $2.21 to $105.23 on the New York Mercantile Exchange. Investor optimism rose on the release of a report showing U.S. manufacturing expanded for the 32nd straight month in March.
Contact Mark Szakonyi at mszakonyi@joc.com. Follow him on Twitter @szakonyi_joc.
