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Another Week, Another Diesel Record
Aug 25, 2004 12:00 PM
Record high crude prices appear to have filtered into the retail
level last week as the national average diesel price jumped 4.9 cents
to $1.874 per gallon, trumping the previous week’s record-setting
average.
Reuters reported that crude oil prices dropped below $46 per barrel
Tuesday, a break from last week’s high of $49.40/barrel—
the highest level in its 21 years on the New York Mercantile
Exchange.
The Gulf Coast region saw the most dramatic increase, up 6.8 cents
to $1.833/gallon. Although no regions posted a price reduction, the
West Coast posted the smallest gain, up 3.2 cents to $2.061. Once
again, California is the most expensive region to fill up, at $2.153.
Bargain hunters may want to fill up in the Lower Atlantic region if
possible, as it posted $1.818.
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