EIA says low oil, fuel prices to continue in ‘09

Posted on 20 January 2009 by Rhonda Flathman

Lower retail diesel fuel and gasoline prices are projected to hold steady, accordng to the U.S. Energy Information Admin. The monthly outlook released by the agency predicts diesel will average $2.27 per gallon, while retail gas prices will average $1.87. In the same report, fuel consumption will take a slight tumble from 2008 numbers in 2009, while an increase is projected in 2010 in the anticipation of a recovering global economy.

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