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Diesel Prices Fall for Second Straight Week
Price Drops 1.4 Cents to $1.442
ime datetime="00Z">November 4, 2002 3:15 PM, EST
The national average price of diesel fuel slid back 1.4 cents to $1.442, in the second straight decline after 10 weeks of increases, the Department of Energy reported Monday.Heavy-duty trucks use large amounts of diesel fuel.
The average price of gasoline, the other major fuel for trucking, rose 0.4 cent a gallon to $1.448
Although fluctuations in demand caused by offsetting Middle East war threats with strict adherence to quotas among oil cartel members have kept prices in a range between $25-30 a barrel; most analysts have said the oil markets lack underlying strength.
They were New England, were the retail price rose 0.1 cent, from $1.496 to $1.497, the West Coast, where it rose 0.3 cent, from $1.521.
The EIA surveys 350 diesel filling stations each week to compile a national snapshot of the price of diesel fuel.
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