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				Diesel continues price drop
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						Oct 15, 2008 11:42 AM
					
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					Last Updated: Mar 27, 2012 09:18 AM
				
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				<p>WASHINGTON -- The average price of a gallon of on-highway diesel plummeted 21.6 cents this week as oil prices fell below $80 a barrel Tuesday.</p>
<p>Weekly figures from the U.S. <a target="_blank" href="http://www.eia.doe.gov">Energy Information Administration</a> put the national average of diesel at $3.659 as of Monday, Oct. 13. The lowest average was reported on the West Coast, at $3.622; the highest in the New England region at $3.892.</p>
<p>Concern about demand because of a slowing economy in the U.S. and in other countries has pushed oil prices down about 44 percent from a record high of $147.27 a barrel in mid-July.</p>
<p>Overall, prices in Canada have also dipped in recent weeks. Atlantic Canada diesel averages, which peaked as high as $1.70 a liter is some remote regions this past summer, now hover just over $1.30.</p>
<p>Prices are uncharacteristically higher in Alberta, Saskatchewan, and Manitoba because of a <a target="_blank" href="http://www.todaystrucking.com/news.cfm?intDocID=20521">Prairie-wide diesel shortage</a>. Prices in Southern Alberta -- traditionally the lowest in Canada -- are as high as $1.30, compared to a $1.20 average in Southern Ontario.</p>
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