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U.S. Fuel Prices Remain Down for Now

U.S. Fuel Prices Remain Down for Now

Average retail pump prices for diesel and gasoline continued to decline across the U.S. with two minor exceptions, according to data tracked by the Energy Information Administration (EIA), though an uptick in global oil prices and a slowdown in domestic production activity could change things.

The national average retail pump price for diesel dropped 6.7 cents this week to $2.866 per gallon, the agency said, which is $1.038 per gallon cheaper compared to the same week in 2014.

Diesel prices decreased in every region of the U.S. this week, EIA noted, with prices above the $3 per gallon mark in only three areas: New England at $3.018 (down 5.4 cents from last week), the Central Atlantic at $3.078 (down 5.3 cents) and California at $3.090 (down 7.5 cents).

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