According to the Department of Energy’s Energy Information Administration, diesel prices fell for the tenth time in the last 11 weeks. The average price per gallon dropped 0.5 cents to $3.918 per gallon for the week of December 31, 2012. Compared to last year, the average price per gallon is up 13.5 cents.
EIA is calling for diesel prices to average $3.97 per gallon in 2012, and $3.84 in 2013 in their short-term energy outlook.
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